Legal Considerations for Creating a Cooperative
A cooperative (co-op) is a business entity owned by—and operated for—the benefit of its members. There are several types of co-ops, and they are found in a variety of industries, from agriculture and the arts to finance and electricity generation. While their operations resemble traditional businesses and they seek to make a profit, co-ops are […]
Considerations Before Becoming a Minority Owner
Becoming a minority owner in a business can give you the opportunity to help a business grow and share in its success without the management responsibilities. Minority owners may be brought in to facilitate growth, perform acquisitions, or achieve other strategic goals and often provide valuable expertise in addition to the capital investment they make […]
Name, Image, and Likeness: How to Protect Your Right to You
Creating a personal brand can be a way to establish an authentic image and stand out from the crowd. For most people, personal branding is a communications strategy rather than a career path. A carefully cultivated personal brand lets people know at a glance who we are, what we stand for, and the value we […]
Advertising Laws for Small Businesses
Having a great product or service is not always enough. If customers are not aware of your business, it is difficult to build brand awareness, create demand, grow a customer base, and increase sales. Word-of-mouth marketing can be highly effective, but most small businesses also dedicate a portion of their budget to advertising. Let’s look at […]
Why Your LLC Needs an Operating Agreement
Operating agreements are not required in most states; however, that should not dissuade you from creating one. Having an operating agreement can provide your business with many benefits and can help you avoid significant problems.
How to Pay Yourself When You Own an LLC
As an LLC owner, you can be taxed as a sole proprietorship (if you are the LLC’s sole member), a partnership (if your LLC has two or more members), or a corporation. An LLC also offers owners flexibility in how they pay themselves. How you get paid by your LLC depends on the tax classification you choose. There are various rules for how different business entities are allowed to pay their owners as well as IRS guidelines to consider.
What You Need to Know About S Corporations
A business is only as strong as its foundation. To set your business up for future success, you need a structure and tax classification that will maximize its potential. If you have questions about which structure and tax status are right for your company, or if you are ready to elect S corporation status, our business lawyers are here to help.
What Is the Difference between a Trust and an LLC?
Whether a trust or an LLC is a better choice may depend on the type of asset, but you do not necessarily have to choose between the two. In fact, an LLC can be placed in a trust. To explain how that works, it is first necessary to better understand each type of entity and clear up some common misconceptions about them.
How to Handle an Employee Injury on the Job
On-the-job injuries are an unfortunate reality for many employers. Every year, millions of employees suffer injuries and illnesses in the workplace. While some industries have a higher risk of harm than others, you can expect to deal with an injured worker at some point, even if your team works from the relative safety of an office.
Friend or Foe? How to Protect Your Business During Collaborative Projects
Standing out in today’s crowded digital marketplace requires business owners to think creatively about brands. Customer attention is a limited commodity that all brands compete for. But there may be opportunities to partner with other brands to gain consumer attention and loyalty with collaborative projects.
