Business Formation Limited Liability Company

Business formation is the process of establishing a legal entity to carry out a particular entreprise.  The law provides several entity options, each with its own advantages and disadvantages. Limited... more +
Business formation is the process of establishing a legal entity to carry out a particular entreprise.  The law provides several entity options, each with its own advantages and disadvantages. Limited Liability Corporations (LLC), Limited Liability Partnerships (LLP), and S-Corporations are a few examples of available options. When forming a business, founders can choose whichever entity-type best aligns with their specific tax and liability needs and considerations. Other important aspects of forming a business include drafting a comprehensive business plan, choosing appropriate insurance, establishing personnel policies and protecting intellectual property.  less -
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In Business & Corporate Law Avoiding a Messy Business Divorce is Important! #BusinessAttorney

When people come together to begin a business, they may not think the time will come when they will not get along. But if, after many years, you and your business partner no longer see eye-to-eye when it comes to how to...more

What Every California LCC Needs To Know About California's New Revised Uniform Limited Liability Company Act

New changes to California's limited liability company law affect many of the rules governing operation of limited liability companies ("LLCs"). These changes include the default provisions that automatically apply when the...more

LLC Operating Agreements May Need Amending Under California’s New LLC Law

The California Revised Uniform Limited Liability Company Act (the “New LLC Law”) was signed into law by Governor Jerry Brown on September 21, 2012. The New LLC Law will entirely replace the current California law governing...more

New Law Will Change the Way Limited Liability Companies Form and Operate

The rules that govern businesses formed as limited liability companies, or LLCs, in California are about to get their first major overhaul in 20 years with a new law that takes effect on Jan. 1. Known as the California...more

Do I Need An Entity for My Business? Cont…

As we discussed before, most people end up operating their business through an entity of some sort. However, there are some individuals who do not necessarily need an entity and can operate their business as a sole...more

Do I Need An Entity For My Business?

(*Note: this discussion presupposes a basic understanding of limited liability entities and alternatives, which have been discussed before and which we will discuss more in the future.) Many people starting a business...more

2013 Nevada Business Entities Law Update

The 77th Nevada Legislature has adopted several amendments to Nevada’s business statutes affecting Nevada corporations and limited liability companies (LLCs). The amendments to Nevada Revised Statutes (NRS) Chapter 78...more

Starting a Business? Start the Right Business.

After many years of working for other people, you’ve decided to strike out on your own and start a small business in your home town. You have the financial means and some initial ideas to get things going, but you are unsure...more

Can a Debtor Reach an LLC Member's Interest to Satisfy a Personal Debt?

A limited liability company (LLC) is an attractive business form in Maryland that gives members benefits such as limited liability from company debts. However, there are unique circumstances under which a creditor of an...more

Legislative Update: Business Law

I. GENERAL. A. Introduction. In selecting a form of business entity in Texas the organizer or initial owners can consider the following five business entity forms: • Corporation • General...more

Which Entity Should I Form For My Business Enterprise?

Whether starting a business or operating an existing enterprise, business people should consider the legal form of their business and the need to protect their personal assets from business liabilities, while also considering...more

How To Protect Your Assets As A Business Owner

We often discuss various estate planning tools that can help preserve your assets in the event of a death in the family. It's also important, particularly for those who are business owners, to protect assets during your...more

Setting Up an LLC: Member or Manager Managed LLC (Business Formation)

LLCs often choose a manager where members can be passive. These individuals may be investors and designated as members, but they do not participate in the day-to-day decision making of the company. Here it makes sense to have...more

California Sole Proprietorships C-Corporations, S-Corporations, and Limited Liability Companies (LLCs) - Things to Consider When...

Things to Consider Before you Start Business Operations as a Sole Proprietorship, C Corporation, S Corporation, or LLC - How do you start business on the right track? Selecting the right type of business entity is an...more

Choice of Entity - Corporation or LLC?

There are many different types of business entities. Historically, the most popular type of entity was the corporation, but now the limited liability company (LLC) has become the entity of choice. The reasons for this shift...more

Corporation or LLC is not a “Get Out of Debt Free” Card

The Federal Trade Commission recently settled the largest-ever fitness and weight loss deceptive advertising complaint, against Ab Circle Pro, for up to $25 million. The FTC settled with not only the marketer, but the...more

Choosing an LLC for Your California Business Formation

For more information on California business marks, consult the advice of a professional business attorney. In the San Jose area or within California, contact Wade Law Group at (888) 909-9430 or email Amiel Wade directly....more

Should I Form my North Carolina Business as an LLC or an S-corp.?

People trying to start a business may not know the various types of corporate entities. This guide discusses the very common question amongst those forming new businesses in North Carolina: "Should I form my business as a...more

Business Formation Q&A

Summarizes the different types of business entities and formational documents involved....more

Equity Incentive Compensation in LLCs

In a recent post, I recommended that the typical startup should start as an LLC (limited liability company) and remain an LLC as long as possible. One ever-present challenge with LLCs is that most entrepreneurs (present...more

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