Tag Archives | corporation

How to Start a Business: Part 3

By on April 8, 2010 in Asset Protection, Entrepreneurship, Launching, Limited Liability Company, Videos

Which Legal Entity Should I Pick? So, we’ve written our VISION PLAN and our one page BUSINESS PLAN.  Now, it’s time to actually form the legal entity.   Should you be an limited liability company (LLC) or a corporation?  If a corporation, should you elect S Corp status? And if there is more than 1 [...]

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Corporate Formalities: The Basics

By on December 6, 2007 in Asset Protection, Business Planning, Corporate Governance, Corporations, Entrepreneurship, Small Business, Small Business Law

The end of the year is the perfect time for corporate housecleaning.  It’s time to pull out the corporate record book and make sure that all of your “i”s are dotted and your “t”s are crossed.  Why?  Because failure to observe corporate formalities could result in:   loss of limited liability protection for you (i.e. you [...]

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