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...]
Do You Have an LLC or Corporation in Illinois? You May Not Be Protected
Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of… READ MORE
