There are two types of corporations that business people can select from when they create their company: C corporations and S corporations. C corporations reflect the most common perceptions which people have about corporations: they issue dividends, they can have different classes of stock, they can attract large numbers of investors, and so forth. S […]
What You Need to Know About Creating an S Corporation Read More »
Entity selection is a topic which we will continue to spend considerable time and energy discussing in the present and foreseeable future. The simple reason for this is because proper entity selection has great significance for business owners. If you select an entity which isn’t right for you and your situation, this decision can have
The Ups and Downs of C Corporations Read More »
Incorporating a business means that you and other business partners, owners, or members have created a corporate entity that is separate from your assets and finances. Internal and external stakeholders may bring lawsuits against the business; any judgments resulting from those lawsuits will be held against the company and not your own assets. This corporate
When Can An LLC’s Corporate Veil Be Pierced? Read More »
Without a thorough agreement for your business partnership, even a seemingly minor issue can mushroom into a major problem for the company. A partnership agreement is designed to clearly lay out the organization of the partnership and address any foreseeable contingencies that might threaten the company’s stability. While a partnership agreement is not required in
5 Important Pieces of Partnership Agreements Read More »
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