The limited liability company (LLC) was first adopted by Wyoming in 1977. It is a business structure has only become commonplace across the country in the last twenty years. But today, it is the most popular business entity in most states. It provides its owners the same liability protection that corporations receive while allowing its … Read More
While most people associate the business form the Limited Liability Company (or LLC) with small companies such as a dry cleaners or hobby stores, the reality is that there is no limitation to how large an LLC can get. The Limited Liability Company is a newer entity. The first LLC statute was drafted by the … Read More
Many small businesses that are on the fence of whether to form a corporation or an LLC decide to form an LLC because it’s easier and requires less upkeep. And while it is true that there are additional formalities associated with incorporation, they needn’t be overly burdensome for the small company without tremendous resources. One … Read More
I’ve read lots of articles about the reasons why a business needs to incorporate. But creating a separate legal entity isn’t for everyone. Perhaps it’s worth spilling a little ink summarizing why one might not need to incorporate. 1) You are the only founder One of the most important parts of starting a business is … Read More
I recently had a client come to me to ask about the appropriate business entity for a startup with foreign investors. This is one of those questions where if we eliminate what’s impossible and what’s not a good idea, what we are left with is the best choice. First, according to the tax code, non-US … Read More