#6 in Lee’s formalities checklist asks “Are you holding your annual meetings?” #7 asks “Have you given proper notice (and kept copies) of the Meeting of the Managers?” #8 follows up with “Have you kept proper and adequate minutes for the annual Meeting of the Managers?” Whether […]
Read more →Centralized management is one of the four possible elements required to form a corporation. In an LLC, however, only two of the four elements can be used. Basically, you can think of an LLC as a flawed corporation, because it should have only two of the four […]
Read more →LLC startup mistakes can cost a small business more than they should when the business is sued or hits a rough spot. LLCs (Limited Liability Companies) are a good foundation for business, they protect assets, are easy to run and offer great tax advantages. However there are […]
Read more →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 →LLC Dissolution LLC dissolution is usually handled as it is directed in the LLC Operating Agreement. It might seem that this is obvious and easy to take care of. However because of the choices that must be made when an LLC is made, this can be a […]
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 →LLC or Inc. Which is better? Clients often call me to find out whether it is better to form an LLC or Inc. They want me to tell them whether to form a Limited Liability Company or Corporation? They want to be certain that they will get […]
Read more →When starting a business, everyone wants to structure it to protect, their house, summer cabin, bank accounts and retirement nest egg. But if they thought about it they would realize that their business is their most valuable asset. It is basically the source of all their assets.
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