News – Articles
What’s the difference between LLCs and corporations?
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?
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”?
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...
Chapter 7 versus Chapter 13 in Bankruptcy, what’s the difference?
Chapter 7 versus Chapter 13 in Bankruptcy, what's the difference?When filing for bankruptcy, a debtor has two options. He or she can file under Chapter 7 or Chapter 13, each of which have different requirements and effects. Though there are other options such as...
Pitfalls to raising capital and getting investors for your business
Pitfalls to raising capital and getting investors for your businessStarting a business is not as easy as it sounds. More than a genius idea and a plan, there is something else needed that is often where aspiring entrepreneurs fall short — capital. To start a business,...
What state do I form my LLC or corporation in? Can I do it anywhere?
What state do I form my LLC or corporation in? Can I do it anywhere?An LLC, or Limited Liability Company, is generally formed under the State law of each State. And because the laws in each of the 50 States differ, the regulations affecting your LLC will vary. A...
Will Bankruptcy Help If I Want To Keep My Business Open?
Will Bankruptcy Help If I Want To Keep My Business Open??"Will bankruptcy help me if I want to continue my business?" Clients often ask me, "I want to file bankruptcy or I’m thinking about it for my business, but I don't want to shut my doors. I don't want to close...
Why And When Should I Form a Legal Entity?
Why And When Should I Form a Legal Entity?Why and when should I form a legal entity for my business? A lot of people start a business as a sole proprietor. It's just them and they don't have any employees. They're just starting a new business, so that is fine. But at...
When Should I Do Asset Protection?
When Should I Do Asset Protection?When should I look to do asset protection? A lot of people want to know about it: "When should I do it and what should I do?" Typically, the trigger for them to come in and talk to an attorney is, "I just got sued and they named me...