When considering different compensation amounts and timing, you must first consider the structure of your business. The IRS’s requirements for owner compensation are different for corporations, sole proprietorships, partnerships, and LLCs, so you’ll need to first determine what your legal rights and obligations are. Depending on your business’s entity type and whether you’re taking a […]
Blog
Do’s and Don’ts of Starting a Business While Employed
Preexisting agreements with your employer could cause legal problems for your new business. If you’re considering starting a business while maintaining your current job, you may want to discuss your new business plans with an attorney. If you signed a Non-compete and/or Agreement that the Company owns any IP created during your employment or as […]
How to Start a Business
The legal requirements of running a business can seem a bit daunting, but with proper planning and the right legal guidance, they don’t have to be. Choosing the Right Entity, Tax Election, and Creating a Company Agreement will start your business properly and put in place protections and tax benefits for your business. An experienced […]
LLC Company/Operating Agreement: What’s Included and How to Write One
An LLC Company or Operating agreement is a legal document that outlines the governing structure of the LLC and provides a blueprint for running your business. It lays out the rights and duties of each owner. An attorney will craft a Company/Operating agreement for your LLC or other entity election, taking into account your tax […]
LLC versus S Corporation: What Are They and How Are They Different
Business entities and tax structures can be complicated. Understanding them can save you and your company time, money, and potential headaches in the future. Our attorneys can explain the pros and cons of the various business entities so you can choose the best one for your company. Choosing the best tax structure for your company […]