5 Steps to Take When Winding Down (Closing) Your Business
There are many reasons business owners close shop (winding down), including retirement, starting a new venture or, hopefully, because they’ve won the lottery. No matter what the reason, it’s important to diligently wind down a business before moving on. Here are five steps to take: 1. Reach Consensus If you’re a sole proprietor, then the […]
Corporation vs S-Corporation – What are the differences?
This video delves into the differences between a Corporation and an S-Corporation, providing a comprehensive understanding of these distinct business structures. Join us as we compare and contrast the features of Corporations and S-Corporations, highlighting their advantages, disadvantages, and legal implications. Discover the unique characteristics of Corporations. We’ll discuss their centralized management structure, separate legal […]
Important Upcoming Compliance Deadlines for Your Business
Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax deadlines […]
What Is A Corporation?
In this video, we unravel the concept of a corporation and provide a comprehensive understanding of this widely recognized and influential business entity. Whether you’re an aspiring entrepreneur, a business enthusiast, or simply curious about different business structures, this video will be invaluable. Join us as we explore the foundations of corporations and delve into […]
Where Do Corporations Reside?
In this video, we delve into the concept of corporate residency and explore the key considerations regarding the location and domicile of corporations. Join us as we navigate the world of corporate residency and uncover the factors that determine a corporation’s legal and operational presence. Discover the significance of a corporation’s registered office address and […]
To LLC or Not to LLC, That is The Question!
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 attorney in your state to make […]
Not All Attorneys Litigate (Sue People)
There is a false perception that all attorneys do is litigate. This false notion is perpetuated by legal movies and television shows. Every attorney in a movie or on television is in court all the time. They live for the argument. There is always a surprise witness or piece of evidence that saves the day […]