SMALL BUSINESS THREATENED It has always been a challenge for the small business person to develop and operate the business of their dreams. Regulations, big box and on-line competition, demanding credit sources and long hours are the price entrepreneurs pay for independence. Now on top of those forces has come the Covid-19 plague and society’s…
When you start a business, you have the opportunity to create a sole proprietorship, LLC, or corporation. Each option has advantages and disadvantages, but many people choose to register as an LLC, or limited liability company, to get similar legal protections offered to corporations while still operating as a small business. What Is an LLC?…
The availability of the Limited Liability Company (LLC) as a business structure has been very well received by the business community. The first appeal is based on the same reason that corporations have been utilized, namely, to limit liability of the owners of the company. The law recognizes an artificial person for purposes of allowing…
