A business legal structure, also known as a business entity, is a government classification that regulates certain aspects of your business. Choosing the right business structure from the start is among the most crucial decisions you can make. Choosing the right business structure from the start is among the most crucial decisions you can make. […]
With all of these documents, it pays to be meticulous. Missing a detail can result in rejected paperwork, sending you back to start over and delaying your approval. Getting sound legal and financial advice as you form your business is a wise investment. 1. Internal Revenue Service (IRS) Form SS-4 If you don’t already have […]
Charging personal expenses on your business credit card isn’t against the law, but it’s likely against the terms of your credit card agreement. Plus, mixing personal and business finances could end up making you personally liable for any business debt if your business has legal trouble. As a general rule, it’s best to keep personal […]
Operating agreements and articles of incorporation work hand in hand to outline your business structure and define how your company will legally operate. An operating agreement outlines the relationship between business owners, and articles of incorporation outline a business’s relationship with the state. All limited liability companies (LLCs) can benefit from having an operating […]
“Breach of contract” is a legal term that describes the violation of a contract or an agreement that occurs when one party fails to fulfill its promises according to the provisions of the agreement. Sometimes it involves interfering with the ability of another party to fulfill his duties. A contract can be breached in whole […]