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Chris Barsness, Esq.
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Business Law | Estate Planning
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Many entrepreneurs and founders are hesitant to talk to an attorney for fear of the dreaded hourly billing or unknown costs. The other concern is that many people fear or don't want to deal with lawyers, either because they don't know what to expect or there have...
I was reading an article in this month's (June 2012) Entrepreneur magazine by Ann C. Logue entitled "Beyond the Handshake- Having a business partner can be valuable. Having the wrong-or no-partnership agreements can be disastrous." It details the experiences I hear...
What's the difference between LLCs and corporations?“LLC” and “corporation” are often used interchangeably to refer to companies that are created under State law. Generally, they are similar to one another in terms of being legal entities separate from the actual...
What happens when a business owner dies?When a business owner dies, a significant issue is deciding who will be named the next owner. And this situation can get very complicated, especially if there has been no written agreement or stipulation that decides on the...
What is an "S-corp" or a "C-corp"?Whether referred to as an S-Corp or a C-Corp, a company is still, in general, a legal entity that is created under State law. Regardless of the name, these two are considered legitimate corporations formed in the same manner. The only...