legal
Should I be an LLC or a Sub-S Corporation?
A rule of thumb has developed among many accountants that if the business will be actively managed by the shareholder[s], and it will be a small business, a sub-S corporation is the choice.
For real estate or other “passive” investment type companies, the LLC is the choice. This decision is vitally important to the financial health [...]
Is Franchising Right for You
Content provided by Douglas Boehme. For more information visit www.dougboehme.com .
Thinking about starting your own business? Your choices include: starting their own business from scratch, purchasing an existing business, starting a consulting business, or leasing an existing system (franchising). If you do not view [...]
Startup paving way for Chinese investment
Here is an article by Norm Heikens about a small startup company that is getting ahead by using some innovation. Columbus, one of the first cities in the state to welcome Japanese investment in the 1980s, is taking an early role in drawing investment from China. Chinese investment in the southern Indiana city is miniscule [...]
OK, Partner, We Better Sign a Prenup
Some interesting insight on the personal side of business, don’t be caught unaware and unprepared.
In 1997, first cousins Mark and Michael Ferdman founded a New York Web-design business with dreams of making it big in the dot-com boom.
Close confidants since they were young, they assumed they’d be natural business partners. But soon [...]
Should I have an Employee Handbook?
Answer furnished by Ann Fisher www.hralternativeconsulting.com
Ask yourself this question “How many employees does it take to file an employment lawsuit? The answer is at the bottom of this page.
If you have one or more employees, the answer is YES. Handbooks can be a valuable communications and employee relations tool. They can be extremely helpful in [...]
Chuck Roach Featured on the Buzz
Attorney Chuck Roach spends time with Tony Scelzo on the Buzz!
How can I protect my business name?
Trade names can be registered through the Indiana Secretary of State, and for wider marketplace protection, throught the U.S. Patent and Trademark Office. A search can be done through the USPTO’s online system for all state and federal trademark registers to see if a proposed name is being used.
For many businesses that operate on the [...]
What should I name by business?
There is more to naming your business than just coming up with something that sounds good and you happen to like. Thought must be given to state and local requirements and making sure you don’t infringe upon the rights of someone else’s business name. You will need to determine whether your trade name will be [...]
Should I be an LLC or a Sub-S Corporation?
Before the early ’90’s, the “preferred” form of organization generally was an S corporation because it combined the limited liability associated with a corporate structure with flow-through treatment of tax benefits to its owners. An LLC is sometimes preferred because in addition to each of the aforementioned benefits, an LLC is not subject to many [...]
Is personal liability protected by the corporate form?
In all corporations, shareholders are not personally liable for corporate obligations unless corporate formalities have not been observed. Such formalities provide evidence that the corporation is a separate legal entity from its shareholders. Failure to do so may open the shareholders to liability of the corporation’s debts. Corporate formalities include issuing stock certificates, holding annual [...]
