When you are starting a new business, there are thousands of decisions that must be made, including what type of legal entity to use for your company. Many small business owners consider using the limited liability company (LLC) or the limited liability partnership (LLP). Both a LLC and a LLP combine the beneficial aspects of [..]
If you are starting your own business and you are ready to set it up as a legal entity, you are likely considering a limited liability company (LLC) or a corporation. These are two very different entities, so it is essential to know the pros and cons of each in order to help you select [..]
If you are considering establishing your business as a limited partnership (LP), it is important to understand the pros and cons involved with this type of legal entity. It is similar to a general partnership, but the partners have a separate and limited status. This can be extremely beneficial if the partners desire protection from [..]
If you are preparing to sell your company, there are some big mistakes that entrepreneurs commonly make, including failing to: Create Competition. Don’t limit your selling base to one potential buyer. In order to obtain the best price possible, create a competitive bidding process, or at least the perception of one. In order to accomplish [..]
In an ideal world, when you enter a contract both parties would fulfill their obligations and be satisfied with the outcome. Unfortunately, the reality is that there are many factors that can cause contracts to be breached. Delays happen, unforeseen financial problems occur, and other unexpected events can hinder or even prevent a successful contract [..]
If you are starting a new business venture, it is important to set it up in the legal entity that will be most beneficial to you. Each type of entity has its pros and cons, so you should investigate and educate yourself regarding each of your options. We can review your business plan and discuss [..]
