Are you incorporated? Businesses need a limited liability entity, such as a corporation, LLC, or LLP. Without a limited liability entity, your personal assets could be at risk. For example, let’s say you operate a restaurant, and a patron slips and falls and is...
Incorporating your company in the state where your business is physically located is known as home state incorporation. However, no matter if your business is a C corporation, LLC, LLP, LP, or nonprofit corporation, you must pay fees to the state when incorporation...
I have a company. Why am I being sued as an individual? You have probably heard of the term “alter ego” to refer to a person with two separate identities—for example, Superman and Clark Kent. These two individuals may appear to be different, but they are...
When you formed your business, you probably decided to make the entity a Limited Liability Corporation (LLC) or Corporation to protect your personal assets. Forming a corporation is a wall between corporate and personal assets. But, be aware, this wall is imperfect...
The rapid switch to working from home is not without its unforeseen drawbacks. Workers are now using email services on “untrusted” devices, as well as networks, and sending an increased amount of sensitive data through it. Remote workers may be turning to...
While you might think that the COVID-19 pandemic is the worst time to start a business, in reality, it is an excellent time to consider buying an existing franchise. Find out exactly what franchise agreement opportunities exist right now. With a focus on small...
