‘Differences’ Archive
What is an LLC or Limited Liability Company?
For many years, business owners have had to choose between operating as a sole proprietor (or if several people are involved, as a partnership) or incorporating. On the one hand, many owners were attracted to the tax reporting simplicity of being a sole proprietor or partner. On the other, they desired the personal liability protection » Continue…
The access legal plan
Pre-paid legal plans come in a variety of types depending on the scope of legal coverage they provide. The most basic pre-paid plan is designed to make the simple legal services readily available to the general public at low cost. These plans typically cost between $10 and $30 per month, billed in advance. You get » Continue…
Types of prepaid legal services
Over 100 million Americans are signed up for prepaid legal services. Also called legal insurance, these plans are similar to those provided by Health Maintenance Organizations (HMOs) and cover the legal needs of the member, spouse and any dependent children. In a prepaid legal service plan, the customer pays a fixed monthly subscription fee of » Continue…
Should I try to take my corporation public?
A public corporation is one which is authorized to sell its stock to the public. The process involved in obtaining authorization to qualify as a public company is both costly and very time consuming. Ongoing requirements to maintain a public corporation are also costly and require a great deal of legal and accounting expertise. For » Continue…
