For the love of your business

Articles to LIFT Your Life and Business

5 Best Practices For Complying With Your LLC’s Administrative Formalities

Limited Liability Companies (LLCs) are a popular business entity with many entrepreneurs. Like corporations, LLCs offer valuable personal liability protection for their owners. Unlike corporations, however, LLCs aren’t required to adhere to the same burdensome record-keeping requirements and other corporate formalities corporations must follow. That said, while the administrative requirements for an LLC are far […]

Read More

3 Ways to Ensure Your Company’s Corporate Veil is Never Pierced

Setting up your business as a corporation or limited liability company (LLC) is a crucial way to protect your personal assets from debts and other liabilities incurred by your business. The ability of a corporate entity, such as an S Corp or LLC, to separate and safeguard your personal assets is often referred to as […]

Read More

3 Major Benefits of Structuring Your Business As An LLC or S Corporation

One of the smartest moves you can make as an entrepreneur is to structure your business as a limited liability company (LLC) or an S Corporation. You’re probably aware that both LLCs and corporations can protect your personal assets from debts and lawsuits incurred by your business, but they also offer other key benefits that […]

Read More

3 Major Mistakes to Avoid When Buying a New Business

Whether it’s your very first or your tenth, if you’re looking to start a new business venture, you have two options: 1) build your own from scratch or 2) buy an existing one. And while many entrepreneurs dream of building their own company from the ground up, the reality is, launching a brand-new business can […]

Read More

Navigating State Laws Governing Business Names

One of the coolest parts of owning a business is getting to come up with its name. On the creative side, you’re choosing a name to represent and encapsulate the essence of your life’s work. On the practical side, you’re trying to come up with something that will most effectively grab the interest of potential […]

Read More

Covering Your Assets: Liability Insurance & Limited Liability Entities

It’s estimated that one-in-three small businesses is sued or threatened with a lawsuit at some point in its life cycle. And even if you end up winning the suit, the price of defending yourself in court can be massively expensive in terms of lawyer fees and court costs. Seeing that you face potentially ruinous risks […]

Read More

Should Your LLC Hold Annual Member Meetings and Keep Minutes?

Many entrepreneurs structure their businesses as limited liability companies (LLC) because like corporations, LLCs offer personal liability protection for their owners. But unlike corporations, LLCs are not legally required to adhere to many of the same corporate formalities required of corporations. Given that LLCs offer the liability protection of a corporation, without all of the […]

Read More

The Tax Benefits of Limited Liability Companies

As its name suggests,  limited liability companies (LLCs) protect personal assets from debts and other business liabilities. But you may not be aware that LLCs can also offer tax savings. As an LLC, you have flexibility in choosing how you’ll be taxed. This allows you to reap a number of benefits unavailable to other business […]

Read More

Corporations and LLCs Don’t Always Provide Personal Liability Protection

One of the primary reasons business owners set up corporations and limited liability companies (LLC) is to shield their personal assets from debts and other liabilities incurred by the business. Indeed, corporations and LLCs exist as separate legal entities from their owners, meaning the business itself can acquire assets, enter into contracts, and take on […]

Read More

4 Vital Legal Agreements All Startups Should Have in Place

When getting a business off the ground, one common mistake business owners make is not establishing a solid legal foundation to protect their company from unforeseen situations and circumstances. The most effective and efficient way to provide this legal bedrock is by putting a set of key legal agreements in place. Gleaned from years of […]

Read More

When Is a Good Time to Incorporate?

Incorporating your business can save you  money on taxes and limit your liability for business debts. But, most importantly, it says to the world — I’m in business. And that sends an important message to you, your clients, your spouse, your friends, family and, yes, even to the IRS. In the early months or years […]

Read More

Looking for a licensed Creative Business Lawyer®?