Business Law

The S Corporation

Photo by Infusionsoft Sales & Market is licensed under CC 2.0. As I discussed in an earlier post, there are significant tax disadvantages of operating a business as a C corporation, most notably the existence of double taxation. That is to say that corporate profits are subject to taxation with a top Read more…

By Garrett Ham, ago
Business Law

Limited Liability Partnerships (LLPs)

Photo by Steven Vance is licensed under CC 2.0.  Limited liability partnerships are business structures that exist to protect partners from the wrongful conduct of other partners. In a traditional general partnership, every general partner is responsible for the conduct of every other partner as it relates to the business. So, an Read more…

By Garrett Ham, ago
Business Law

Limited Partnerships (LPs)

Photo by Tim Evanson is licensed under CC 2.0. A limited partnership is a type of artificial entity consisting of general partners and limited partners. General partners run the business, while limited partners hold equity stakes in the business but do not have a say in its day-to-day operations. Because LLCs and Read more…

By Garrett Ham, ago
Business Law

The Corporation

Photo by Alden Jewell is licensed under CC 2.0. Every entrepreneur seeking to start a small business must decide under what form the business will operate. As I discussed in a previous post, if the small business owner does not decide, the state will decide on that entrepreneur’s behalf. In previous posts, Read more…

By Garrett Ham, ago
Business Law

Business Forms to Avoid

Mom & Pop’s Hiatus by Ben Newell is licensed under CC 2.0. Every entrepreneur must decide under what business form the venture will operate. For those small business owners that do not decide, the state will decide on their behalf. There are five major business forms from which to choose: sole proprietorship, general Read more…

By Garrett Ham, ago