A Good Contract Should Be Like Goldilocks
One of the fundamental building blocks of a business is the contract. Almost everything in business is based on the contract. Ask any attorney, and they can recite the basic elements of a contract: offer, acceptance, and consideration. It’s too bad that’s not all there is when it comes to a contract; otherwise, we would […]
Limited Liability Company v. S-Corporation
One question I get asked is, “Which should I choose, an LLC or an S-Corporation?” In the ultimate lawyer fashion, I usually respond with, “It depends.” https://www.youtube.com/watch?v=9tnSrL93VwM LLC Benefits An LLC is a relatively new type of business entity. It offers a simple structure, limited liability, and pass-through taxation. However, it is not as flexible […]
Why You Should Hire an Attorney Rather Than Legal Zoom
A common question I get asked is, “Why should I hire you instead of Legal Zoom?” There are several reasons why you should hire Think Legal, P.C., and not Legal Zoom. Legal Zoom is Not an Attorney First, and not to state the obvious, they are not attorneys. They cannot give legal advice. All they […]
Surprise! It’s a Corporation!
Perhaps the question I get most is, “If an LLC gives me liability protection and pass-through taxation, why would I want to form a corporation?” If you’re in California or plan on forming a business in California, please schedule a consultation. We will discuss the best entity choice for your business. An LLC is […]
Liability Insurance v. Limited Liability Company (LLC)
A common misconception is that liability insurance is better than an LLC. This is categorically untrue. Liability insurance has its place in protecting your business and personal assets, just like having an LLC. They fulfill different roles and should be used together, not separate. If you would like to discuss your particular situation please feel […]
To LLC or Not to LLC, That is The Question!
One of the questions that I get asked often, is “do I really need an LLC”? Like a good attorney, my answer is, “it depends.” The choice of whether or not to form an LLC depends on a number of factors. You should review your goals with a licensed attorney in your state to make […]
Limits on Limited Partnerships
You need the money. You have found the perfect partner. They are willing to put up the capital and be a “silent” partner. The problem is, they do not want to be liable for the partnerships’ debts. Limited partnerships might be the perfect solution. They have some significant benefits over sole proprietors and general partnerships. They […]
5 Reasons Your Single-Member LLC Needs an Operating Agreement
An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC – after all – why make an agreement with yourself? Is the Operating Agreement a Legal Requirement? Most […]
Not All Attorneys Litigate (Sue People)
There is a false perception that all attorneys do is litigate. This false notion is perpetuated by legal movies and television shows. Every attorney in a movie or on television is in court all the time. They live for the argument. There is always a surprise witness or piece of evidence that saves the day […]
Removing the Rose-Colored Lenses of Starting a Business
Many entrepreneurs and small business owners begin their careers with a little too much enthusiasm and too little pragmatism. They have on proverbial rose-colored lenses Entrepreneur dream of being their own boss and all the benefits that go with it. They fail to recognize that owning your business is hard work and long hours. A […]
