With an LLC, your personal assets are protected from business creditors and from business-related lawsuits. At the same time, you maintain flexible management and are taxed only on your share of the profits. Consult a business attorney about the LLC option.
Two documents that many small business owners get confused about are Operating Agreements and Articles of Incorporation. There is a good chance that you will need some version of both documents for your business, so it is important to understand the purpose of each one. An Operating Agreement is a key document used by LLCs […]
Avoiding a wrongful termination claim against your company can be challenging, especially when faced with so many regulations. Regulatory compliance, internal consistency and good resources are your best defense.
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 […]