[This guest post is courtesy of insurance and finance writer Chris Martin.] Most Americans aren’t very fond of tax season. It usually requires sifting through mountains of receipts and stacks of papers trying to compile everything for their tax returns. …
Most businesses don’t set out to commit corporate fraud and break the law, and you’re certainly not one of those businesses (right?). But you don’t have to intentionally commit a crime in order to weaken your corporate veil and leave …
Keeping the Courts From Piercing the Corporate Veil Read more »
Incorporating a business isn’t for everyone. It can be expensive: the filing fee for corporations is generally higher than unincorporated businesses. It can be time-consuming :there is a great deal of paperwork to complete and maintain, and compliance requirements at …
For many business owners, one of the main factors in the decision to incorporate is the limited liability protection inherent in a corporate structure; contrary to a sole proprietorship or partnership DBA, the owners of a corporation are not liable …
What does it mean to pierce the corporate veil? Many people starting a new business decide to form a corporation or LLC because of the personal liability protection these types of businesses offer; if the business defaults on a loan, …
Piercing the Corporate Veil: The Legal Separation Between You and Your Business Read more »
A limited liability company, or LLC, is a form of business that is provides limited liabilities to its owners. This institution has certain characteristics of both a corporation and a partnership, thus it is sometimes misinterpreted as a limited liability …
Top Mistakes Made by Entrepreneurs Forming an LLC Read more »