Is it Time to Form a Business Entity for your Small Business?

Forming an entity can have many benefits for a small business owner. Separating and Protecting personal assets is the one most commonly mentioned. However there are other benefits as well. Having a business entity can make it easier to take in other owners. It can also be beneficial to separate…

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Ten Things to Consider Before Starting Your Own Business

1.     Can I go it alone & if not, what legal arrangements might I need?  If you are not going to be a one-person operation, will you need a partner? An equal partner?  How will you decide how work/finances are divided? If hiring employees, are you familiar with the laws about hiring,…

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Three Things to Consider When Deciding Whether to Incorporate

There are three main considerations when deciding whether or not to change the form of your business.  1) Tax benefit; 2) liability protection; and 3) the time-cost analysis of changing your company’s legal status   Tax Benefit:   Oftentimes the tax benefit analysis is not a “legal question”, but rather…

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