Posted on: December 6, 2023
All registered corporations are required by law to hold an annual meeting. Limited liability companies (LLCs), although not subject to the same statutory requirement, may hold regular annual meetings per their governing documents. What Is the Purpose of a Corporation’s Annual Meeting? In the United States, all corporations must hold an annual shareholder meeting because […]
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Posted on: November 7, 2023
Securities law is a complex minefield that terrifies even the most seasoned lawyers. As a small business owner, you must comply with all the federal and state securities laws that may apply to your business. Most people think that only corporate stock qualifies as securities, but did you know that LLC ownership interests might be […]
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Posted on: April 27, 2023
Contracts are an area where a do-it-yourself (DIY) approach can fall short. The many online contract templates can make it seem like a contract is simply one more business task that can be insourced. However, while DIY contracts are easy to print out and sign, once the signatures are in place, business owners may have […]
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Posted on: September 27, 2022
How Hiring employees increases your legal risks Scaling up necessarily requires help, but hiring can be risky. Companies have two choices when hiring a new worker: bring a new employee on board or hire an independent contractor. One of the main benefits of having employees is that you have much more control over the work […]
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Posted on: September 15, 2022
Handling S Corporation Interests in Estate Planning: Electing Small Business Trusts and Qualified Subchapter S Trusts One of the many challenges of owning a small business is determining the appropriate tax classification of the company. When an individual owns a business entity classified either entirely or partially as an S corporation, it is essential to […]
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Posted on: August 25, 2022
staying on track Operating your business without a business plan is like going to the grocery store hungry and without a list. You end up with a lot more than you need—a lot more than you even want—in your cart. And you've likely upset your budget for the week. A few such carefree adventures and […]
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Posted on: July 26, 2022
What to include in your business service agreements with vendors Small businesses account for nearly half of the economic activity in the United States. To successfully compete with bigger competitors, small businesses are increasingly outsourcing to improve their efficiency and lower costs. Outsourcing allows companies to expand their competencies in critical areas without taking on […]
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