Welcome back to another fun filled addition of our Business 101 – Entity Formation Series. Our last blog, which focused on C Corps, was the first installment of our series on limited liability entities. As you will recall the owners of a C Corp, known as shareholders, hold freely transferable ownership interests in an organization with a centralized management structure and limited liability. This week we will focus on the Limited Liability Company or LLC, a slightly more use

Welcome back to another wonderful addition of the Business 101 – Entity Formation Series. Over the past few weeks we focused on the two most basic and arguably popular forms of business in America Sole Proprietorship and General Partnership. As you will recall neither of these business entities required budding entrepreneurs to perform any filing requirements, but the ease created by the lack of formality also creates potential for serious liability as neither a general partn

Last week I begun our Business Planning 101 – Entity Formation series focused forming a new venture a as a sole proprietorship. Today I will focus on another entity choice for your business, the basic form Partnership often referred to as a General Partnership. It is important to note there are other special partnership forms including, Limited Partnerships and Limited Liability Partnerships. We will discuss these additional entities in future blogs as both require registrati

If you are starting or have started a business, then you know creating a business plan is one of the most important steps you will take. A business plan serves as a road map to help navigate the first years of a new venture. There are many elements that go into a business plan including an executive summary, business description, market analysis, SWOT analysis, sales strategies, and financial projections. BUT, what if I told you that one of the most fundamental and important