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Articles, tagged with "personal liability", page 1

Business Law

Pros and Cons of Becoming an LLC

22nd February 2011
If you are a small business owner and are contemplating becoming an LLC, consider your risks and be aware of the pros and cons of the process. Following are some factors that may help you decide: Pros • Legal protection: The primary advantage of becomin...
Author: studio1c
Business Law

Forming a Limited Liability Company in Arizona

06th January 2011
Forming a Business in Arizona In Arizona, the Limited Liability Company ("LLC") has become the standard for most businesses when choosing the type of legal entity to form. An LLC is an entity that is similar to both a corporation and a partnership. It ...
Author: aaronklaw
Business Law

How To Form A Corporation

15th October 2010
Your company has grown -- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability com...
Author: lawinc
Medical Malpractice

Medical Malpractice Lawsuits

04th August 2010
Malpractice Insurance is a type of insurance, specifically designed for professional practitioners such as doctors, lawyers, accountants, etc. It provides coverage to those insured against potential negligence claims made by their clients / patients. The ...
Author: Data Flat
Business Law

If a company doesn't pay its tax, then the director’s must- you can run but you can't hide

02nd June 2010
Directors must ensure their companies comply with their taxation obligations. If the companies don't pay, then the directors may face personal penalties including having to pay the tax on account of the company's PAYG obligations. In a recent case, even a...
Author: Maddocks Solicitors
Business Law

LLC Formation, medium between small partnerships and a corporation

14th April 2010
Much like a corporation, LLC owners have some protection from being personally liable for business debts. LLC's are relatively new form of ownership and is quickly becoming the entity of choice. First recognized by the IRS in 1988, LLCs offer the limited ...
Author: lawinc
Real Estate Law

Protection for Arizona Homeowners Who Default on Mortgage Loans Secured By Their Home

22nd March 2010
In the current Arizona real estate market there is confusion about a homeowner's liability to the lender for a home that is "upside down," i.e., the home is worth less than the amount of the loan on the home. The following are five general observations of...
Author: Christopher
Business Law

Your Business Decision: S-Corp vs LLC?

17th March 2010
When setting up a new business, arm yourself with all the facts before deciding what form of entity to choose. Because, whichever entity you choose for your business will have financial, legal and tax implications. Business owners often narrow their ...
Author: Lacy Katzen
Personal Injury

Settling a Personal Injury Claim

11th February 2010
There are many benefits to settling a personal injury claim. However, claims should only be settled when it is the prudent thing to do, namely if there are no long term or permanent injuries. In order to effectively understand the settlement process, your...
Author: Jason Lundberg
Business Law

What To Know About An LLC Corporation Concepts

23rd November 2009
What to know about an LLC corporation concepts becomes particularly important when establishing a business or when preparing to convert of business over from a sole proprietorship or some other entity. There are benefits to either limited liability compan...
Author: FrankRod
Legal

Divorce and Auto Insurance: Is Your Child Covered For A Future Accident?

03rd December 2008
Here's a typical and all too familiar scenario. Months or years after your divorce, you hand the car keys to your minor child, who negligently wrecks the car and seriously injures another motorist. You promptly turn the claim into your insurer, thinking t...
Author: Brian R.Wilson
Legal

Issues with Capitalizing Your New Corporation

26th July 2007
Once you register a corporation in your state, you must go ahead and capitalize it. This raises a host of questions regarding the best way to do it and potential risks of getting it wrong. First things first. Any discussion of capitalization needs a d...
Author: Richard Chapo