Tag: liability

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...

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...

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...