Selling a business is much like selling any other big-ticket item. You wouldn’t sell your house, for example, without appropriate renovations, understanding your property value and the market at large, and assembling the right team to facilitate the sale. The same is true with your business. Advisors Assemble! First off, you’ll need to put the […]
In our last blog series, we explored the advantages and disadvantages of many common types of business formations and found a trend among them: the most popular forms offered limited liability – that is, legal and financial liability that is limited to what is invested in or integral to the operation of the business. This […]
In our last blog entry we discussed limited liability companies, with an emphasis on the ease of use that many small businesses find appealing. Yet there are circumstances where a company may value structure and accountability over functional agility – consider a business that is eying entry into the heavily-regulated stock market, or one where […]
Millions of entrepreneurs choose to start their new business as a limited liability company. Without being hyperbolic, LLCs are generally the superior entity form for most for-profit small businesses in terms of flexibility and functionality. LLC laws really do cherry pick from the best of other business formations; the limited liability status of a corporation […]
Pitfalls of Partnership Let me first say that, perhaps with the exception of limited liability partnerships, the partnership relationship is an outdated, inefficient, and extremely risky type of legal entity. So why write about it at all? Because unlike other, more beneficial legal forms, you can enter into a partnership quite unwittingly. A partnership can […]
