Archive for the ‘Corporate Business’ Category

» Attorneys and Business Services On Friday, January 23rd, 2009

An amazing trend over the course of the past few years – which is starting to accelerate even further – is the number of people who are going into business for themselves. This includes people who are involved in small businesses, Internet based businesses and home based businesses. If you are involved in a business of your own of one kind or another, or if you are interested in starting such a business enterprise, you will want to connect with an attorney that can provide for you appropriate business services.

Through this article you are provided an overview of what you will want to keep in mind when it comes to finding an attorney that can provide you the legal services that you will require in relation to your own business enterprise. Armed with this information you will be in the best possible position to make wise, informed and educated decisions in regard to your business venture and the legal needs of that business.

Initially, when it comes to selecting an attorney that can provide you with the legal services that you will require for your business you definitely will want to get an expert and specialist in the field. In the final analysis you cannot afford to put your business and the services that you will require in the hands of a lawyer who does not have the specific expertise that you will require.

You will also want to bear in mind that when it comes to attorneys that can provide legal services to you that there are lawyers who have now become specialists. By this it is meant there are lawyers who specialize in providing legal services to businesses in a particular industry. The fact is that the legal needs of businesses in different industries can be varied – indeed, in some instances, extremely different. Therefore, if you are in need of legal assistance relating to your business operations you would be best served by working to see if there is an attorney available who can provide you legal assistance specific to the industry in which your business is a part.

Another issue that you will want to keep in mind is that many people who are involved in owning or operating business with engage a lawyer for an extended period of time to care for all of their business related legal needs. The fact is that when running a business a person continually will find his or her self dealing or confronting legal matters and issues of different types. Therefore, having a regular attorney that can be turned to as needed can be extremely helpful.

Finally, if you are only now in the process of working to organize a business you will want to seriously consider getting an attorney involved in the process sooner rather than later.. By getting an attorney involved in the organizational process when it comes to your own business venture you will be able to avoid mistakes and complications that can arise in the absence of legal direction, advice and assistance.

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» Understanding Asset Protection On Sunday, January 11th, 2009

While always a crucial consideration, as the economy in the United States and the world over has become more volatile and uncertain, asset protection has become an even more significant concern for people from different walks of life. Through this article you are provided an overview of different asset protection techniques and practices. Armed with this information you will be in the best possible position to more fully and completely protect your assets today and into the future as well.

One of the most important tools that people interested in asset protection are using today is the limited liability company or LLC. Over the course of the past fifteen years a considerable number of people who have been involved in starting a new business enterprise as well as individuals who have asset protection as a primary concern have been turning to the LLC as a means of accomplishing their goals.

The reality is that in the simplest of terms an LLC provides to an individual all of the protections that accrue to a corporation, including a Sub Chapter S corporation. In other words, should an issue arise in which a client, customer or some other individual or entity have a legal issue with a business venture, the scope of liability stops with the LLC enterprise itself and the assets contained within that entity.

Absent a structure like an LLC, assets beyond the business venture – an individual’s personal assets – could be at risk if a lawsuit arose. Obviously, when it comes to protecting assets in this day and age, shielding assets appropriately and in this manner is a fundamental task.

The beauty of the LLC rests in the fact that you get all of the protections associated with a corporation but do not have to do all of paperwork that is associated with a corporate enterprise. The fact is that the asset protection that can be realized through a corporation can be defeated if the proper paperwork – corporate minutes and so forth – are not in proper order. With an LLC there are none of these burdensome requirements.

Of course, some people still do utilize the Sub Chapter S corporation as a means of protecting assets. However, as has been mentioned, it is important for all of the paperwork to be in order in order for a person to be able to achieve the asset protection benefits associated with a corporation. In simple terms, if you set up a corporation and do not act like a corporation, a person intent on attaching assets beyond the corporation – your personal assets – very likely will prevail.

If you have any specific questions pertaining to asset protections, if you are interested in establishing an LLC or some other type of legal structure as a means of protecting your assets, there are attorneys who specialize in this type of work. Therefore, you likely will be best served engaging such an attorney to assist you in setting up the best structure in order to protect your assets.

 

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» The Benefits of a Limited Liability Corporation On Friday, December 26th, 2008

If you are like an ever increasing number of people, you may have made the decision to start your own business. Indeed, the number of individuals who have elected to develop their own business enterprises has risen dramatically over the course of the past decade – a trend that is expected to continue well into the future. With this in mind, you may have found yourself wondering what is the best structure for your own business venture. In this regard, you will want to closely consider the benefits of a limited liability corporation.

At the outset, one of the most significant benefits of a limited liability company (which also commonly is referred to as a LLC) is the fact that it is easy to organize or establish. Unlike corporations of different types, partnerships and other types of business structures, you do not have to draft a significant document in order to establish a LLC in the first instance.

In most states around the country you actually can now go online and establish a LLC with the appropriate state agency (normally the Secretary of State’s office) in a matter of what really is minutes. Moreover, the costs associated with establishing a LLC in most states is minimal.

Another of the benefits that can be realized through the establishment of a LLC for your own business venture is that you are provided all of the same protections that are extended to a corporation. For example, you personally will be protected from liability for the operation of your LLC in the same way you would be protected through the establishment of a corporation. By that it is meant that your personal assets are protected against any person who might end up having an issue with your business – a personal injury, for instance.

Yet another benefit that can be realized through the establishment of a LLC is found in regard to tax related issues. With an LLC you are not double taxed as is the case with some types of corporations. Some corporations are taxed both on the business level and then again at the level at which you obtain profits personally from that corporation. Needless to say, saving money on taxes through legitimate means is always a priority for a business venture in the 21st century.

An important benefit associated with a LLC rests in the fact that you will not be bogged down with the paperwork that is associated with a corporation and some other types of business organizations. You do not have to maintain corporate minutes and other detailed records of the nature that are associated with other types of business organizations. The time and expense savings in this regard really does add up over the course of any given year.

Finally, throughout the country (and in similar forms the world over) a huge number of individuals and existing businesses are turning to the LLC structure when it comes to organizing new enterprises. Indeed, more LLCs are now being organized than any other type of business organization scheme that legally is available at this juncture in time.

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