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Personal Liability

4 Reasons to Consider Changing Your Business Structure

By |2019-08-06T16:48:58-07:00August 8th, 2019|Business Formation, Business Planning|

As your small business expands and evolves, it may make sense to consider changing its structure. Many small businesses start as sole proprietorships or partnerships, with only one or two owners and no employees. Over time, as your business grows and changes, a more complex business structure may become beneficial. There are several key [...]

What is the Difference Between an LLC and an LLP?

By |2019-05-02T20:51:45-07:00May 2nd, 2019|Business Formation, Business Planning, Limited Liability Company (LLC), Taxes|

If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited liability companies (LLCs) and limited [...]

To LLC or Not to LLC, That is The Question!

By |2018-04-20T17:03:28-07:00April 20th, 2018|Business Formation|

One of the questions that I get asked often, is "do I really need an LLC"? Like a good attorney, my answer is, "it depends." The choice of whether or not to form an LLC depends on a number of factors.  You should review your goals with a licensed attorney in your state to [...]

So you have a great idea for a business?

By |2018-01-28T12:58:00-08:00December 10th, 2017|Business Formation|

You have a great idea for a business.  Where do you start? You are tired of the daily grind.  There is more to life than just earning a paycheck.  You have always had a dream of owning your own business. Starting a business is a lot of work.  Make no mistake about it, you will [...]