Buying or Selling a Business: Why the Agreement Matters Business purchase agreements are what buying or selling a business hinges on, as it does far more than outline the sale price and payment terms. The agreement assigns risk, defines obligations, and can determine...
Limited Liability Companies and corporations typically protect owners from personal liability from a company’s debts and lawsuits — this protection is called the “corporate veil.” Exceptions to this protection exist when fraud, commingling, and other wrongful acts are...
Limited Liability Companies are a popular business structure due to their flexibility and their liability protections. However, a limited liability company (LLC) can also face a number of tax issues. If you own an LLC, it’s important to ensure your business remains...
Signed into law in January 2021, the Corporate Transparency Act seeks to combat money laundering, corporate misconduct, and other illicit financial activities. The purpose of the Act is to increase transparency through the reporting of beneficial ownership information...
Forming a Limited Liability Company (LLC) in New York can offer many benefits — from the limited liability protection it provides to the ease of formation, and flexible management structure. If you are considering an LLC for your business, you might have many...
Many business owners incorporate to avoid personal liability for their company’s financial losses and debts. When a business incorporates, owners and shareholders cannot lose more money than they had invested in the venture. Their personal assets are generally not...
