We’ve all heard about the woman who spilled scalding coffee on herself and successfully sued McDonald’s or heard reports of burglars suing homeowners after injuring themselves during a burglary. And don’t forget the story of the Winnebago owner who won … Continue reading
Category Archives: CORPORATIONS
Incorporating Your Business is the Most Important Thing a Business Owner Can Do (video)
Learn how incorporating now could be right for your business. Read an in depth article about the importance of incorporating your business and the main differences between the various entities. Continue reading
Limited Liability Companies-The Best of All Worlds?
A limited liability company (LLC) is a business structure that combines some of the best features of sole proprietorships, partnerships, and corporations. LLC owners, like their counterparts for partnerships or sole proprietorships, report profits or losses on their personal income … Continue reading
LLC Member Personally Liable
The owner of a lot on which a four unit condo complex was to be built contracted with a small residential construction company to build the condos. The construction company was formed as a limited liability company (LLC), the only … Continue reading
What is an S Corporation?
An S corporation is a form of business classified for federal income tax purposes as a corporation that has elected to be taxed as a pass through entity, in a manner similar to a partnership or sole proprietor. Unlike a … Continue reading