Author Archive: Robert Montgomery
The best way to reduce your business risks
The best way to reduce the risks to small business owners is through intelligent business planning. Many new business owners think that lawsuits and personal loss will never happen to them. Please don’t make that mistake. Once a lawsuit is filed, it’s almost always too late to start thinking about forming an LLC . . » Continue…
Why a Sole Proprietorship or General Partnership is Very Risky
One of the most important reasons for forming any legal entity like an LLC or corporation to run your business is LIABILITY PROTECTION. I don’t need to tell you that a growing lawsuit epidemic is going on in the United States and it only appears to be getting worse. Statistics reveal that 1000′s of lawsuits » Continue…
Forming an LLC: The best choice for small businesses
Business Owners have been calling me for more than 25 years to ask what I recommend as the best entity – corporation or LLC – to use for their business. Here’s my number #1 choice for most small businesses. I now regularly recommend they form an LLC that makes the S corporation tax election. But » Continue…
How to amend the bylaws
Bylaws are not filed with the state so there is no need to file amendments to Bylaws with the state. The Bylaws themselves will usually describe the procedure for making amendments. In most cases, Bylaws are amended by a resolution of the board of directors of the company authorizing the amendment. The resolution is passed » Continue…
