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If you want to purchase a business, you can do it in two different ways: you can purchase all of the assets of the business or you can purchase the entity itself. An asset purchase is simple to explain: you simply purchase all of the tangible and intangible property...
Business owners should interview attorneys when they first start up new businesses, in order to have a ready legal counsel contact. You may need this person to advise you before you act and to help you react when something happens in your business. If you are sued or...
When a new company is formed, attorneys tell them to “Put that in your company record book,” or “Make sure you keep a copy of that in your record book.” It’s as if this record book is the most vital part of a young company (arguably it is)…but just what is a record...
Recently someone posted on a local Facebook site looking for recommendations for an attorney to form a limited liability company for the poster. The initial LLC Formations post got a few recommendations for good local business attorneys. But the post also received...
For many years, we advised small business clients to purchase real estate to be used in a business after the business was formed. Otherwise, if the real estate was purchased ahead of time in the personal name of the client, and then transferred later to the LLC or...
Starting a small business is risky business. According to the Small Business Administration, only half of new businesses survive past five years. Sometimes an entrepreneur can skip some of the hassles of a new business start-up by Buying an Existing Small Business....
Multi-Member vs a Single Member LLC: Does it Make a Difference? One of the main reasons to form a Limited Liability Company for a business is for asset protection of the individual Members if the LLC incurs a liability- the assets of the company might be at risk but...
Many entrepreneurs and small business owners will spend hours scouring Google, Nolo and Findlaw trying to address their legal issue on their own rather than picking up the phone and contacting their attorney. Sometimes the legal issues are straightforward and Google...
Tax Advantages Do you have a successful business? Now that you have survived another April 15 (or 18) tax filing, it is time to start planning ahead to reduce your tax liability. Read on for more about a tax break next year. If you formed your business as a limited...
Protect Your Small Business with Consulting Agreements Before Hiring, by Elizabeth A. Brown, Esq When small businesses start to grow they frequently find themselves needing to hire consultants and independent contractors to help them expand their business. This can...
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