Limited partnerships are a little-known, but very attractive form of business. A limited partnership combines both general partners and limited partners. The difference between a limited partnership and a general partnership is that limited partners avail themselves of limited liability. General partners, however, do remain liable. Because limited partners are protected by limited liability, they...
Monthly Archive: June 2016
Florida, like all states, has a special statute in place enunciating the procedures and protections of a limited liability company. One of the major benefits of registering your company as a limited liability company is limited liability, as the name indicates. Limited liability means that you are not personally liable for debts your company accumulates....
There are many decisions to be made in regards to incorporating. One such decision that may sound overly simplistic is how to finance your new venture. However, this is an often overlooked aspect that could determine how much money may belong to the corporation when it is time to decide to make distributions. The two...
One of the most exciting aspects of having a stake in an ownership is receiving dividends, or payments. Dividends, however, are not merely available just because the corporation has money in the bank. In fact, many corporations prematurely pay out dividends just because it is compelled to show its shareholders it is profitable. This is...
One of the most unfortunate events in a partnership is a possible dissolution. In most cases, it is clearly not the objective or hope of a partnership to have to fold at some point. When this unfortunate reality comes to fruition, there are a lot of questions left for the partners to answer. One of...
Incorporating is a major step for any business. The benefits of incorporation are limitless. However, the main reason many incorporate is to allow their business to avail itself of limited liability. If the incorporation process is faulty, you may lose your limited liability protections. In those situations, it is important to know if you have...
Shareholders are entitled to a lot of rights within their corporation. Chief among them are information and voting rights. When voting, shareholders can often turn to different strategies to ensure their voice is heard best. Chief among these tactics is vote pooling. Vote pooling is a legal way where shareholders can agree to vote the...
Incorporating is a major step for your business in the right direction. It signals to yourself and others that your business is to be taken seriously. Most importantly, it allows you to avail yourself of several benefits otherwise unavailable. This includes special tax treatment and limited personal liability. But what happens if your incorporation was...