LLC

What Is an LLC?

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...
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Corporate Minutes: Partnership Agreements (continued)

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...
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Corporate Minutes: Partnership Agreements

Barry and Tom are going to start a business together. They’re neighbors, the best of friends, they watch Monday Night Football together every week. They’re such good friends, that they decide to start their company on a handshake and because...
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The Dangers of Setting up your Business Without an Attorney

In this blog, I'll discuss why it is important to hire an attorney to help you start your business. In Today's Market, it Makes the Most Sense to Hire Experts Rather than 1-Stop Shops There was a time when a...
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Business Toolkit: Company Types Part 3: LLCs (Yes! We Finally Figured it Out!)

And so we come to the end, or the beginning? When we started with Partnerships, we discussed the age-old fiduciary duty doctrines and the, often archaic, structures that general partnerships provide. We then moved on to the wonderful legal technology...
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