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Tag: entity

Articles tagged as Entity

Corporate Records - Shareholder Inspections

Posted on April 1, 2024 by Manuel Yoon
You're conducting business as a corporation and different shareholders have kicked in investment money.Can shareholder inspections of corporate records occur?Emotional AttachmentWith smaller businesses, emotions can run high.Typically, one has an excellent business idea, but need investors to produce a pool of cash to find the business going.Such situations, the individual comes with an emotional attachment to the business enterprise and thinks it really is "theirs...

Pierce the Corporate Veil

Posted on July 16, 2023 by Manuel Yoon
The corporate structure of one's business provides shelter for the personal assets.There are many events which will result in a judge to overlook the corporate entity or "pierce the organization veil." There are many reasons why the organization veil could be pierced.Additionally, there are several simple actions that can be done to avoid the organization veil from being pierced.The corporate veil could be pierced in case a party is tricked or misled into coping with the corporation instead of a person...

Why You Need A Business Entity?

Posted on October 10, 2022 by Manuel Yoon
When starting or expanding a business, many owners wonder if they should form a business entity and, if so, which one they should use.There's a huge selection of information and"pitches" being made on the Internet regarding the benefits of certain entities versus others.When you cut through the flak, however, the principal reason for forming a business entity is to create protection from personal liability arising from your business activities...

Internet Partnerships - Don't Throw Away Your Business

Posted on September 21, 2022 by Manuel Yoon
General partnerships are a bad business entity choice when it comes to pursuing business activities.They don't deliver the asset protection shield which should always be placed between your company activities and individual assets.Many smaller companies, however, find it rewarding to combine their merchandise or services with other little businesses.In doing this, they frequently don't realize they are subjecting them to the identical vulnerability as a general partnership...