A transfer of LLC membership interests can mean selling, donating, assigning, or gifting—basically one LLC member turning over his or her membership interests to another individual or entity. The transfer can be voluntary or involuntary. Read here how transferable membership interests can be.
Starting your business can be a complex process – especially when it comes to finances. Turning your idea into a reality takes proper financing and management. Here are key things you need to focus on when financing your business.
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. Here are points to remember when filling out various forms, including what not to do. It is important to pay attention to the things you need to avoid so you are preventing problems and not stuck trying to solve them later on.
You need to be careful when using social media for your business for many reasons. Protecting your intellectual property on social media is critical because not only are you connecting with your customers, but also competitors. Before posting a picture of your new logo or tweeting a deal, here are a few things to keep in mind.
Every company has a key person that provides a significant, direct economic benefit to the business. This key person is one of the pillars to your business and their loss can be detrimental. You may have multiple key people that help keep your business running, so it is very important that you are prepared for their absence. Here is how you can make sure your company is prepared for the worst.
Making sure your employee handbook is well-drafted will not only set out your company’s policies and establish expectations, but it will also protect your business from potentially costly litigation. If poorly drafted, your employee handbook could open the door to contractual liability. Here are a few tips on drafting an employee handbook that will serve your company well.
Engaging with your community has benefits for both you and the community. There are many ways you can help your community including donations and services. Community engagement can mean supporting individual employees’ community efforts or organizing company-wide volunteer events in your local community. Here are ways you can engage with your community.
Staying in control is the key to good governance and here are 4 key practices to help you. Practicing good governance of the LLC helps make the intent and purpose of the LLC clear to its members and to outside parties. These practices will help you in conflict by providing a clear picture of what you intended for the LLC. Read here on how to practice good governance.
One of the most important steps when starting your business is deciding what you will name it. Choosing a name takes a lot of work and research because you want to make sure you have a unique name. It is also important to make sure your business is easily found online and not confused with others. Here are some more important points regarding the name of your business.
There are many things you are thinking about when starting your new business and it can all easily get overwhelming. One of the biggest questions you ask yourself might be whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S corp). We have summarized the similarities and differences between both here for you so you can have a better understanding before making this important decision.