Forming a corporate entity (either a limited liability company or corporation) is the first step for any small business owner to minimize personal liability for the financial risks of the company. Absent a corporate shield, entrepreneurs face liability for the debts and liabilities of their small business. Corporation vs. Partnership Originally, there were only two types of businesses: corporations and partnerships. Corporations were separate legal entities that could own property, sue and be … [Read more...]
What Are Executor Duties in Illinois Probate?
An executor in Illinois probate is given significant responsibilities when administering an estate. Since a violation of an executor’s duties… READ MORE
