Business owners sometimes try to keep overhead low by declaring workers to be independent contractors. But a worker so classified may be legally considered an employee based on such factors as the method of payment used and the degree of control exercised over their conduct. Those factors could make the company liable to withhold taxes […]
If you’re going to have a complicated operating agreement or a multi-member LLC, it may be best to retain a lawyer. Some of the paperwork – especially the annual refiling and reporting – can be daunting and it must be completed in a timely manner. Your lawyer may also be able to give you guidance […]
Starting a new business is a challenging pursuit. Part of what makes it so complicated is all the legal implications that come with starting a business. As a business owner, you want to make sure you have covered all your legal bases to avoid any fines, lawsuits, or—worst case—even jail time. Fortunately, there are plenty of […]
If your business is set up as a corporation or LLC, you have certain legal protections granted based on your business structure. However, if you don’t keep your business and personal expenses separate, you could reduce or eliminate those legal protections. An attorney can advise you regarding rules for these legal protections, specific to your […]
How to Set the Legal Framework for Your New Business. Not having a legal framework could cause your company to stall just as it begins gaining momentum. By dealing with these processes from the start, you and your business will be sailing smoothly into the more exciting phases of your journey, without being fearful of avoidable […]