Avoid These 5 Deadly but Avoidable New LLC Mistakes Did you start a new LLC to operate your business? Congratulations. That’s a big step that will improve your credibility, protect you from liability, and even potentially save big on taxes. However, just having an LLC on paper isn’t enough. There are many important steps that you MUST take to make sure that you get the full protection and benefits of your [...]
Is your liability waiver actually protecting your business? Now's the time to figure it out. Thank goodness there are people brave enough to operate businesses that involve activities with inherent risk. I love paintball, rock gyms and even just my health club, and my kids love the local indoor trampoline park and rollerskating rink, none of which could operate without the use of proper liability waivers. If you run this type [...]
Picking the right legal advisor for your small business is a critically important decision. Here are some reasons you might have the wrong business lawyer. Hopefully they will also help you on the front end: when you are trying to find the right lawyer for your business. So, in Jeff Foxworthy style, you might have the wrong business lawyer if: 10. The advice you receive is always too conservative. Being naturally risk averse, [...]
Your corporation or LLC's corporate veil (also known as a corporate shield) is its most important feature. Make sure to take care of it so it can take care of you. Everything looked so rosy… So, you’ve hired a lawyer, listened to her advice, and did exactly what she recommended. You formed an LLC, put your company assets in it, and started doing business with the world as your LLC. Everything [...]
