If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited [...]
You may have done your homework and weighed your options. Perhaps you’ve even considered the tax and non-tax implications for common business entities. We bet you’re also intrigued by the protections certain business entities afford their owners. The “corporate veil” that protects personal assets of the business owners can make [...]
A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can cause a monetary judgment that will decimate your [...]
I went live on Facebook to answer common questions I get.
One question that I get asked, is "Which should I choose an LLC or an S-Corporation?" In the ultimate lawyer fashion, I usually respond with, "It depends." Schedule a consultation today! CONSULTATION LLC Benefits An LLC is a relatively new type of business entity. It offers a simple [...]
A common misconception is that liability insurance is better than an LLC. This is categorically untrue. Liability insurance has its place in protecting your business and personal assets just like having an LLC. They fulfill different roles and should be used together not separate. If you would like to [...]
One of the questions that I get asked often, is "do I really need an LLC"? Like a good attorney, my answer is, "it depends." The choice of whether or not to form an LLC depends on a number of factors. You should review your goals with a licensed [...]