News & Analysis as of September 19, 2024

Business Formation › Limited Liability Company (LLC) › S-Corporation

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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 -

Choosing the Wrong Business Structure: A Startup’s Death Sentence?

Pillsbury - Propel on 3/26/2024

Starting a business is a thrilling journey filled with excitement, innovation and the promise of potential success. However, choosing the wrong business structure to reach your objectives can set your business on a path to...more

S Corporation Tax Pitfalls - The Dreaded Inadvertent S Election Termination

Obermayer Rebmann Maxwell & Hippel LLP on 10/18/2023

Business owners are often attracted to the S Corporation as a hybrid between the entity-level tax planning opportunities afforded by C Corporations and the passthrough nature of a partnership, all while affording a business...more

Starting and Running a Food Truck Business

Dickinson Wright on 9/12/2022

Introduction - It seems anywhere you go in Nashville these days you will happen across a food truck or two loitering at a local business or parked downtown. Indeed, almost any local Nashville event has a gaggle of mobile...more

So You Want to Start a Business? 10 Legal Steps to Create a Successful Business Entity

Ward and Smith, P.A. on 8/5/2022

Once you have a business idea, creating a business entity may seem daunting from a legal standpoint. However, setting up your business with thoughtful consideration and guidance will pay off over time, as you can...more

Company Formation a Key to Long-Term Success

Foley & Lardner LLP on 10/7/2021

When starting your own business, you need much more than just a great idea. How you choose to form your company can be critical to long-term success. There are a variety of considerations when looking to structure your new...more

Entity Selection for New Businesses

The Rodman Law Group, LLC on 3/11/2020

When you are thinking of starting a new business, the options for entity structures can seem endless and confusing. The following guide can be used to help you understand the basics and begin to narrow down the options in...more

Wisconsin Enacts Discriminatory Exit Charge for Businesses Moving out of State

McDermott Will & Emery on 6/28/2019

On June 24, 2019, Wisconsin Governor Tony Evers (D), signed into law AB 10, entitled “2019 Wisconsin Act 7.” This Act either bars a deduction for, or requires that amounts deducted be added back to, Wisconsin taxable income...more

Choice of Entity for the Closely Held Business—Comparing LLCs and Subchapter S Corporations

Ward and Smith, P.A. on 5/29/2018

While the Internal Revenue Code ("Code"), Subchapter C Corporation ("C Corp") will be the proper choice of entity for some closely held businesses (particularly in light of the federal tax reform package that became effective...more

Lawyers on Tap: Tap Tips for Entity Formation and Taxation

Verrill on 5/8/2018

In this episode of Verrill Voices: Lawyers on Tap, Verrill Dana attorneys Jennifer Green and Jonathan Dunitz discuss the importance of entity formation to the overall success of a brewery business, and the differences between...more

So Many Musical Instruments and Business Structures to Choose From

Whitman Legal Solutions, LLC on 4/18/2018

Recently, a mom in one of my social media groups submitted a post asking for advice about the best musical instrument for her children to learn. I posted a reply saying that there is no one best instrument, but rather, the...more

Legal Basics: Starting a Brewery 101

Bowditch & Dewey on 4/3/2018

Breweries are sprouting up all over, just like we hope spring is! If you are contemplating joining the craze, here are a few tips to keep in mind...more

Critical Distinctions Between Texas and Delaware LLC Law (Webinar Presentation)

Jackson Walker on 2/27/2018

Five Business Entity Forms in Both Texas and Delaware - • Corporation • General Partnership • Limited Partnership • Limited Liability Partnership (“LLP”) • Limited Liability Company (“LLC”) This program focuses on...more

Choosing a Business Entity After the New Tax Act and Other Important Business Tax Changes Under the New Law

Sherman & Howard L.L.C. on 1/4/2018

Part I: General - The Choice of Entity Decision Prior to 2018 - Since the reduction of individual tax rates in the 1980’s, the decision of whether to conduct a business in the form of a C corporation or in the form of a...more

10 Steps to Brewery Start-Up: A Step-by-Step Guide to Start-Up A Brewery In Maryland – Step 2 Forming A Business Entity

Miles & Stockbridge P.C. on 11/16/2017

In this ten-part blog series, I will explore the ten steps that you should take to start-up a brewery of your own in Maryland. If you follow these ten simple steps, you will be able to start-up with a great foundation for...more

Business Litigation Alert: "Starting a New Business? Include These Five Provisions in Every Formation Agreement"

Porter Hedges LLP on 2/3/2017

The ultimate success of a business often rests on the ability of its owners to make sound decisions up front - an ounce of prevention, if you will - and avoid bigger problems that might arise later. This principle...more

Choice of Entity and Key Contents of Organization Documents

Jackson Walker on 1/19/2017

Five Business Entity Forms: • Corporation • General Partnership • Limited Partnership • Limited Liability Partnership (“LLP”) • Limited Liability Company (“LLC”) ...more

Why Many Manager Removal Provisions Are Doomed to Fail

Shutts & Bowen LLP on 5/25/2016

Most business partners start their venture with the intent to own a property or operate a business until selling it for a large profit. Hopes are high and intentions are real. As in any relationship, there could be bumps in...more

Locke Lord QuickStudy: Choice of Entity Considerations

Locke Lord LLP on 3/3/2015

Starting a business can be a daunting but rewarding challenge. One of the key decisions at the early stages of a new business is how to structure your business – i.e., what legal entity to form in order to carry on your...more

Legislative Update: Business Law

Jackson Walker on 7/5/2013

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 Partnership...more

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