18th January 2007
Corporations are the oldest formal business entities we have. Still, many people are confused by the practical things one must have for a corporation.
A corporation is a stand alone business entity. It embodies a legal fiction, to wit, it acts as a β...
09th January 2007
In our modern society, you can get sued for just about anything. All it costs is a couple hundred dollars to file a lawsuit. If you are starting a business, you need to protect yourself.
Business Entities β Avoid These Pitfalls
Given the number of...
09th January 2007
As you may know, there are two types of corporations for tax and legal purposes. The βCβ corporation is a more formal structure than the βSβ corporation and taxed differently.
Converting from a C Corp to an S Corp
When forming a business en...
09th January 2007
Slowly, but surely, the United States Supreme Court has been transforming to a more conservative philosophy. This transformation is being cemented by Chief Justice Roberts.
In the opinion of some, there is no more powerful government body than the Uni...
05th January 2006
As we wave goodbye to 2005 and charge into 2006, it is time to get your house in order. This is particularly true for the legal issues in your life.
Legal Planning
As drab as it may seem, legal planning can help you avoid disasters in your life. Wi...
05th January 2006
I hate junk faxes. You hate junk faxes. We all hate junk faxes! California legislators passed a law banning them, but it has been delayed to a legal challenge.
Junk Fax Prevention Act
In 2005, the State of California passed the Junk Fax Prevention ...
10th December 2005
Regardless of the type of business you conduct, there is a significant risk of being sued in our litigious society. Lawsuits can range from claims of negligence to defective products to disputes with employees. Incorporating is a means of guarding against...
10th December 2005
Nearly all small businesses should form entities to limit their exposure to civil liability in the form of lawsuits. In forming an entity, certain documents have to be filed with the state in question.
States
To the surprise of some, state law inste...
10th December 2005
In this age of information, most small business owners understand they need the protection provided by a corporation or limited liability company. Such protection, however, can be lost though certain actions.
Criminal Action
Creating a business enti...
09th December 2005
You awake in the middle of the night with a business idea that will change the world. The only problem, of course, is you need money to get the business moving. What do you do?
Investors and Equity
Practically every economy is built upon the backs o...
09th December 2005
A vast majority of people take out student loans to pay for higher education. The Supreme Court has decided to make social security benefits a means of repaying them.
No Benefits For You!
While millions borrow money to attend college and graduate s...
06th December 2005
Ah, don't you love those Nigerian scams? I'm the brother of Finance Minister
Well, they are finally being prosecuted and going to jail.
Banco Noroeste Brazil
In the biggest scam of its sort, three Nigerian scammers managed to steal $242 million ...
06th December 2005
In the ongoing AOL sweepstakes, it appears MSN may be the winner over Google. So, what will it mean for all three companies?
AOL On the Block?
As you may know, the AOL unit at Time Warner has been thrashing around for the last year while trying to f...
06th December 2005
Whether you've created a corporation or limited liability company, you must maintain records. Here's a primer on the basic corporate records you need to maintain.
Corporate Records
When forming a corporation or limited liability company, you are cr...
06th December 2005
You're conducting business as a corporation and various shareholders have kicked in investment money. Can shareholder inspections of corporate records occur?
Emotional Attachment
With small businesses, emotions can run high. Typically, a person has ...
