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 […]
A Partnership Made in Heaven
You have decided to start a business, but you do not want to do it alone. A friend of yours has the capital and experience that you need. It is a partnership made in heaven. You begin doing business as a partnership. One of you handles the books and the other the operations. It seems […]
So you have a great idea for a business?
You have a great idea for a business. Where do you start? You are tired of the daily grind. There is more to life than just earning a paycheck. You have always had a dream of owning your own business. Starting a business is a lot of work. Make no mistake about it, you will […]
