Is an LLC Or Corporation the Better Choice?

You are ready to get serious about a business idea. You've read somewhere that protecting yourself is a critical move. You know this means you need to form some type of business entity. The question you face is whether an LLC or corporation is the right choice.More...

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Does Your Company Need a Legal Checkup?

          Does your business need a legal checkup? As previously discussed, the nearly universal rule is that it is almost always less expensive to resolve a legal issue early on - such as through a proper contract prepared with professional assistance - rather than trying to fix the issue later, such as through litigation. More...

 

Forming a Limited Liability Company

         Most small businesses prefer to set up limited liability companies because the individuals' finances are not connected to the business' finances. This means that personal assets will not be put at risk if the business fails. For this type of company formation, the shareholders are not responsible for any debts the business has.More...

 

How Important is Filing a DBA?

         "Doing Business As" or DBA for short is a legal term often referred to as fictitious name, assumed name or trade name. It is a declaration of individuals and business entities that allow them to do business legally while using a fictitious name in a very easy and inexpensive manner. More...

How to Properly Use a Power of Attorney ?

         A power of attorney is a legal document that authorizes one person to act on behalf of another in the legal or business dealings of the person authorizing the other. This type of document has a lot of relevance when, for example, somebody needs to execute some business or legal matter but is unable to do so for whatever reason.More...

Income Tax After a Short Sale

         "I could not afford the rental property I purchased when I was making more money and was advised to short sell the property, after I short sold the property I received a 1099 from the lender and had to include the amount I was forgiven as income on my 2008 tax return and because of my decrease in income, could not pay the taxes and now I owe income taxes. Help." More...

 

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