by Howard C. Stross | Apr 14, 2022 | Business Law, LLC, Small Business
Businesses are governed by laws and regulations that affect nearly every aspect of their operation. From formation, hiring, and firing, to drafting contracts, resolving disputes, and dissolving or selling the company, numerous legal matters arise during the lifetime...
by Howard C. Stross | Dec 6, 2021 | Business Law, LLC, Small Business, Tax
Case Study: Arthur formed a corporation called Pick-Ups, Inc. Arthur was the corporation’s sole director, officer, and shareholder. The federal government sued Arthur, his wife, and the corporation to collect federal taxes. The court found the corporation was...
by Howard C. Stross | May 25, 2021 | Business Law, LLC, Small Business
The owners of a limited liability company (LLC) are called members. At some point, an LLC member may find they want, or need, to withdraw from the LLC. That member, and the other members of the LLC, may wonder how to accomplish this. To properly withdraw from an LLC,...
by Howard C. Stross | Dec 29, 2020 | Business Law, LLC
Are you considering starting a business with a friend or family member? If operating as a limited liability company (LLC), a well-drafted LLC operating agreement will be crucial to memorialize your economic agreement, organizational structure, and key terms, and...
by Howard C. Stross | Dec 16, 2020 | LLC, Business Law
When starting a business, a business owner must first choose which type of entity to create. Two of the most popular entity types are the limited liability company (LLC) and the corporation. Choosing between these two types of entities can be difficult for business...
by Howard C. Stross | Jul 25, 2020 | Asset Protection, Business Law, LLC, Small Business
Going into business for yourself for many Americans is a lifelong dream, although it is not without risk. From investing in goods and services and hiring employees to simply carrying out the daily tasks related to your business, each step has risks. This is especially...
