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 … [Read more...]
Understanding the Life Cycle of Your Will
A Will goes through three major stages: initial planning, drafting, and execution. Understanding what the three stages entail can help… READ MORE
