Does the “Corporate Veil” Really Protect Your Personal Assets?
You may have done your homework and weighed your options. Perhaps you’ve even considered common business entities’ tax and non-tax implications. We bet you’re also intrigued by the protections certain business entities afford their owners. The “corporate veil” that protects business owners’ personal assets can make a corporation or limited liability company (LLC) look very attractive. […]
Live Wednesday – Answering Questions
I went live on Facebook to answer common questions I get. https://youtu.be/YJVp_o1eOaQ NOTICE: The information on this website does not constitute legal advice. You should not rely on any information without seeking the advice of a competent attorney licensed to practice in your jurisdiction. This website is both a communication and/or solicitation as defined by […]
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 […]
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 […]
