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…
Prepaid legal and small business
Legal advice for small businesses does not have to be expensive. With pre-paid legal plans, a wide array of legal services designed specifically to cater for the needs of small businesses is available for a set yearly fee ranging from $125 to $300. Although coverage differs across the board, most pre-paid plans offer unlimited telephone » Continue…
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…
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…
