When it comes to selecting a business entity to take your enterprise to the next level, it is essential to understand those key factors that make the difference and ownership only one of them. Control, governance structure, cost, transferability, and income potential are some of the most important factors you consider before choosing between LLC, Corporation, Partnership, or any other business structure.
2020 was tough, we all know. However, the end of this year is getting closer, and making a good checklist will definitely impact how we start in 2021. Many businesses may feel that there are a lot of topics they could include in their End-of-the-Year Business Legal Checklist. This note will help them to narrow those topics or to come up with additionals!
What is and what is not a partnership? A partnership is a form of business organization where two or more people carry on a business as co-owners. A partnership is not and does not create a legal entity different from the partnership members. When it comes to partnerships, it is important to u...
An LLC or Limited Liability Company is a form of business organization that provides more flexibility than a corporation. Regardless of the multiple reasons that can make a person choose a corporation over an LLC, an LLC offers business owners the possibility of organizing their enterprise with...
One of the first decisions a business owner faces is choosing the best business entity for their organization. This is a crucial decision because it has far-reaching legal and tax consequences. At the starting point, you may be wondering, how do I choose between an LLC and a Corporation?
Delete Edit A corporation is a legal entity separate and distinct from its owners. Corporations are granted most of the rights and responsibilities that individuals possess. Corporations can enter into agreements, loan and borrow money, sue and be sued, hire employees or independent contractors...
At the of a business relationship, everyone wants to take his part of the deal and walkway. From the start to the end of a business relationship it is important to put things in writing so that each party knows its rights and responsibilities. The document describing such a business relationship should be drafted to address, among others, what will happen with the assets and liabilities of the business. If the document was complete enough the possibility of a conflict is less.
