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Home//Tag: Personal Liability
8 08, 2019

4 Reasons to Consider Changing Your Business Structure

By |2019-08-06T16:48:58-08:00August 8th, 2019|Categories: Business Formation, Business Planning|Tags: , , , , |0 Comments

As your small business expands and evolves, it may make sense to consider changing its structure. Many small businesses start as sole proprietorships or partnerships, with only one or two owners and no employees. Over time, as your business grows and changes, a more complex business structure may become [...]

2 05, 2019

What is the Difference Between an LLC and an LLP?

By |2019-05-02T20:51:45-08:00May 2nd, 2019|Categories: Business Formation, Business Planning, Limited Liability Company (LLC), Taxes|Tags: , , , , , , |0 Comments

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 [...]

20 04, 2018

To LLC or Not to LLC, That is The Question!

By |2018-04-20T17:03:28-08:00April 20th, 2018|Categories: Business Formation|Tags: , , , |0 Comments

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 [...]

12 12, 2017

A Partnership Made in Heaven

By |2018-01-28T12:58:50-08:00December 12th, 2017|Categories: Business Formation|Tags: , , |0 Comments

You have made the decision to start a business but you do not want to do it alone. A friend of yours has the capital and experience that you need. It is a partnership made in heaven. You begin doing business as a partnership.  One of you handles the books [...]

10 12, 2017

So you have a great idea for a business?

By |2018-01-28T12:58:00-08:00December 10th, 2017|Categories: Business Formation|Tags: , , , , , |0 Comments

You have a great idea for a business.  Where do you start? You are tired of the daily grind.  There is more to life than just earning a paycheck.  You have always had a dream of owning your own business. Starting a business is a lot of work.  Make no [...]