Business entities such as limited liability companies (LLCs) and corporations provide a number of benefits when operating a professional services business. Such benefits include the limitation of business liabilities from reaching personal assets as well as possible income tax advantages. Continue reading
You and several friends start a new business and decide to operate it as a limited liability company (LLC). Now that you’ve completed the first step—choosing a business entity—it is now important to prepare an operating agreement. The operating agreement is a contract which governs Continue reading
An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC – after all – why make an agreement with yourself?
Is the Continue reading
Starting a new business can seem overwhelming – especially when you’re doing it alone. Creating a business plan will allow you to refine incomplete ideas, address areas you may have not yet considered, create a map so you know what to do next, and increase credibility for bank loans Continue reading
Most people understand that if they want to sell their house, then in order to get the best sale price, a lot of work that needs to be done before it’s listed on the market. Maybe the house needs a new roof, a fresh coat of paint, or at the very least a good de-cluttering and staging. Continue reading