Creative Solutions For Preventing And Resolving Legal Problems
If you own a small business, or you are thinking about starting your own business, you have probably worried about protecting your personal assets from liability. You also probably know that forming a corporation (S-Corp or C-Corp) or a limited liability company (LLC)...
"The Internal Revenue Service has sent out letters to 20,000 small businesses since fall 2012, notifying them of 'possible income under-reporting.'"
When choosing a business entity, many small business entrepreneurs are resistant to forming a corporation due to the additional compliance requirements. An LLC is an attractive alternative; however, a corporation provides more flexible ownership and potential for...
If you read an operating agreement for a closely held business, it is common to find "termination on bankruptcy" language. Essentially, these contract clauses provide that a person's interest in the business is dissolved upon filing bankruptcy. These contract...
