Forming Your Business

What is the Difference Between an Amateur and a Professional? The definition of an amateur is a person considered contemptibly inept at a given activity. The definition of a professional is a competent, skillful and assured human being. So, I...

You’ve had a ‘lightbulb’ moment, but where do you go from here? We speak to Jonathan Sparks, who offers creative legal ideas to keep the fuel burning in every entrepreneurs’ truckload of thoughts and ideas; we ask him: how does...

It happens too often: I sit down for the first time with a client who has spent thousands of dollars marketing their brand name only to find that the brand they’ve fallen in love with, and spent countless hours developing...

A sole proprietorship is an unincorporated business owned and operated by a single individual. It is one of the simplest structures under which a business can operate. Under this structure, there is no distinction between the business and the owner....

An Operating Agreement is a document that outlines the financial and working relationships of the owners in a Limited Liability Company(LLC). The Operating Agreement allows business owners to set their percentage of ownership in the LLC, that is each owner’s...

When forming a business, you have to decide what type of legal entity it’s going to be. Partnerships are common for small businesses because it’s easy to set up guidelines under which the business will operate. A partnership also ensures...

Starting a business is one of the most stressful things a person can do in their life, but it can also be one of the most rewarding. With all the work that goes into starting a business, one crucial task...

An LLC, or limited liability company, is a business structure that combines elements of a partnership, sole proprietorship, and a corporation. They greatly appeal to small business owners because of how the business's taxes are reported, its management structure, and...

Last week we talked about Barry and Tom, two best friends who started a business together. Once they came to see us for legal advice, we encouraged them to memorialize their agreement in a formal Operating Agreement. Why? The agreement...