What’s in a Business Name? Registering a business name is one of the first steps to take in business formation. Shakespeare wrote, “What’s in a name.” In business, the name can become one of its most important assets. It is often difficult to pick the right name. […]
Read more →Corporate formalities and commingling assets are critical items when running a business. Commingling assets is when assets from different sources are inter-mixed inappropriately. For instance, if the fiduciary of a trust mingles the trust funds with his personal account, he breaches his or her fiduciary duty by […]
Read more →LLC asset protection is one of the most powerful asset protection tools an attorney has. The LLC asset protection capabilities are based on the concept of a “charging order.” A charging order limits the creditor of a debtor-partner or a debtor-member to the debtor’s share of distributions. […]
Read more →An LLC operating agreement is the guts of your company, and yet many people ignore it or never even get one. Many internet sites offer free articles of organization and then charge for the operating agreement, so people just skip it. After all, if you file the […]
Read more →Free LLC Paperwork You may need more than free LLC paperwork if you truly want liability protection for your company. There are many choices in making an LLC. Knowing what to choose and why the choice is made is essential to getting good asset protection. Often the […]
Read more →LLC vs S Corp? Which should you chose if you are starting a business? You have probably heard of both types of entities, but you may not know much about either. The LLC stands for Limited Liability Company. The S Corp stands for a type of Corporation. […]
Read more →Multi Member LLC s vs Single Member LLCs When forming an LLC, it is good to know that multi member LLCs offer the best charging order protection. First let me explain the history of charging order protection, and then it is easier to understand the precarious position […]
Read more →Single member LLC and charging order discussions are coming up a lot more these days. Folks may have heard that a single member LLC is bad, but they don’t know why. They like the idea of a single member LLC so they don’t have to give away […]
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