If you take down a lease for a business, the lease agreement will shock you. It is the size of a small phone book, and the most important page is usually buried in the back. Assume you have a business. Assume further that you wisely decided to form a ...

If you are smart, you will form a business entity for your business start up. The question, however, is how do you find investors and what do you sell them in exchange for critically needed money. For the purposes of this article, let’s assume you fo...

Starting a business with multiple owners is fairly commonplace. If you are not careful, however, it can lead to major problems down the line. A business is really an idea when you get down to the fundamental aspects of it. While practically everyone w...

When businesses decide to incorporate, there are a lot of issues to confront. One of them is designating the agent for service of process. The problem is most people don’t know what this is! A corporation is a formal business entity. Under long estab...

Corporations are the oldest formal business entities we have. Still, many people are confused by the practical things one must have for a corporation. A corporation is a stand alone business entity. It embodies a legal fiction, to wit, it acts as a â€...

In our modern society, you can get sued for just about anything. All it costs is a couple hundred dollars to file a lawsuit. If you are starting a business, you need to protect yourself. Business Entities – Avoid These Pitfalls Given the number of...

As you may know, there are two types of corporations for tax and legal purposes. The “C� corporation is a more formal structure than the “S� corporation and taxed differently. Converting from a C Corp to an S Corp When forming a business en...

Slowly, but surely, the United States Supreme Court has been transforming to a more conservative philosophy. This transformation is being cemented by Chief Justice Roberts. In the opinion of some, there is no more powerful government body than the Uni...

As we wave goodbye to 2005 and charge into 2006, it is time to get your house in order. This is particularly true for the legal issues in your life. Legal Planning As drab as it may seem, legal planning can help you avoid disasters in your life. Wi...

I hate junk faxes. You hate junk faxes. We all hate junk faxes! California legislators passed a law banning them, but it has been delayed to a legal challenge. Junk Fax Prevention Act In 2005, the State of California passed the Junk Fax Prevention ...

Regardless of the type of business you conduct, there is a significant risk of being sued in our litigious society. Lawsuits can range from claims of negligence to defective products to disputes with employees. Incorporating is a means of guarding against...

Nearly all small businesses should form entities to limit their exposure to civil liability in the form of lawsuits. In forming an entity, certain documents have to be filed with the state in question. States To the surprise of some, state law inste...

In this age of information, most small business owners understand they need the protection provided by a corporation or limited liability company. Such protection, however, can be lost though certain actions. Criminal Action Creating a business enti...

Ah, don't you love those Nigerian scams? I'm the brother of Finance Minister… Well, they are finally being prosecuted and going to jail. Banco Noroeste – Brazil In the biggest scam of its sort, three Nigerian scammers managed to steal $242 million ...

Whether you've created a corporation or limited liability company, you must maintain records. Here's a primer on the basic corporate records you need to maintain. Corporate Records When forming a corporation or limited liability company, you are cr...