Posts Tagged ‘law’
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…
Types of legal plans
A prepaid legal plan is based on the payment in advance of a set fee to defray the cost of providing future legal services to the members enrolled in the scheme. They vary in cost, scope of legal coverage, and how the legal services are provided. An individual prepaid legal plan is readily accessible to » Continue…
How to conduct the annual meeting of shareholders
Most corporate laws require an annual meeting of directors and shareholders. It is common practice for a corporation to schedule the annual meeting of shareholders to be followed directly by the annual meeting of directors so that both meetings are held one after the other, thus saving time and travel expenses. In a small company » Continue…
What happens to a small corporation if one of the shareholders dies?
A shareholder’s stock in a small corporation is considered personal property of the shareholder. If the shareholder dies, his personal property passes to his heirs by way of a will, trust, or other method according to the state law where the shareholder lived when he passed away. The problem is that the remaining shareholders in » Continue…
