Why LLCs are the “middle ground” business formation option
When an aspiring business owner settles on a particular structure, this decision will impact everything from how the company will be taxed to whether the owner’s personal assets will be shielded in the event that the company incurs debts it can’t pay or is sued. That...
A key person clause protects your business and your clients
If you’re starting a venture capital, private equity or another type of business with a focus on investments, you and your partners or other key executives are likely the ones with investment experience and expertise that will be crucial to your business’s success....
How similar should your business partner be to you?
It is often common for people to choose business partners who are fairly similar to themselves. And you can certainly see the benefits of doing so. If you find someone who is similar to you, you’re more likely to get along, enjoy working together and have similar...
Which business formation structure is right for your company?
With very few exceptions, businesses cannot lawfully operate within a given state until they’ve been formally registered. If you’re launching a new business, you’ll need to commit to a business formation structure before registering to operate in any state in the U.S....
3 contract essentials
As a business owner, you will need to deal with hundreds of people. Any one of them could cause you a problem that requires a legal solution. Contracts can reduce the possibility of that happening. Provided, of course, they are well written. Here are some of the...