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Starting a Limited Liability Company (LLC) can be a wise choice for entrepreneurs as well as small business owners. While it offers many advantages, there are also some drawbacks you’ll need to consider before taking the plunge. While the best approach would be to...
By: Edward Lopez, Esq. Sales of small businesses are still quite active even during a recession. Despite the recent slow-down in M&A activity by public companies looking to use equity as currency due to the current “bear market” in equity prices, strategic and financial...
ADVERTISING By: Tamara B. Pow, Esq. If an LLC has two or more members, it is treated as a partnership for tax purposes unless it elects to be treated as a corporation. However, an LLC with only one member cannot be a partnership, so...
By: Tamara B. Pow, Esq. A California limited liability company (LLC) is formed by filing Articles of Organization (also known as Form LLC-1) with the California Secretary of State. A foreign business entity files a similar form (Form LLC-5) to register to do business...
By: Tamara B. Pow, Esq. Whether or not you form an LLC (limited liability company), insurance is always the first line of defense. Although an LLC may protect your personal assets from liabilities of the business (subject to some exceptions – see my earlier...
By: Tamara B. Pow, Esq. The next blog in my series on FAQs for LLCs focuses on personal assets. If you form an LLC, are your personal assets protected from liabilities? Simply because you form an LLC (limited liability company) does not mean your...
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