3 min read
Embarking on a business partnership presents both opportunities and challenges, requiring a strong legal foundation to foster success. A well-crafted partnership operating agreement is critical to outline the governance structure, financial...
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3 min read
A well-structured general operating agreement serves as the backbone of any business, delineating the internal governance structure, management...
3 min read
Embarking on the journey of starting a business is both thrilling and challenging, with countless factors to consider and legal aspects to navigate....
3 min read
Launching a startup involves navigating a maze of legal complexities, which can be daunting for entrepreneurs striving to focus on product...
3 min read
Embarking on the exciting journey of establishing a startup requires founders to juggle numerous responsibilities, including considering the best...
3 min read
Setting up a single-member LLC is an appealing choice for many entrepreneurs due to its simplicity, flexibility, and liability protection. A crucial...
3 min read
Although an LLC without an operating agreement may initially seem like a faster and more cost-effective method of starting a business, this approach...
3 min read
Single member LLCs, while offering substantial benefits, can present unique legal challenges when it comes to managing and protecting the business. A...
3 min read
The decision to structure your business as an S Corporation brings with it the need for a well-drafted S Corp operating agreement. This vital...
3 min read
Entering a business partnership involves countless decisions and legal intricacies, and creating a comprehensive partnership operating agreement is...
3 min read
A detailed and well-crafted operating agreement is crucial for single-member LLCs, establishing guidelines for business operations, management...
3 min read
Until recent years, S corporations were the go-to choice for small and growing businesses seeking tax advantages and liability protection. While...
3 min read
Starting a new business is an exciting yet challenging adventure that requires the mastery of many elements, including legal, regulatory, and...
2 min read
Chris Daming, J.D., LL.M.: Dec. 8, 2023
If you or another founder created any intellectual property prior to forming your company, you have to assign that IP to the company after it's...
3 min read
Chris Daming, J.D., LL.M.: Dec. 8, 2023
Common law trademarks are trademarks that are used in trade but are not registered. As long as your mark meets the distinctiveness requirement and...
3 min read
When you're creating an LLC, the Articles of Organization (sometimes referred to as “Certificate of Formation”) is usually the first document you'll...
1 min read
Chris Daming, J.D., LL.M.: Dec. 8, 2023
Imagine this scenario: you’re trying to get another party to sign an NDA, but you’ve already disclosed confidential information to them. If that’s...
2 min read
Let's talk about a crucial aspect of your LLC Operating Agreement you might not have thought much about - the Dissolution Clause. While it's the part...
3 min read
Chris Daming, J.D., LL.M.: Dec. 6, 2023
If you’re on the fence between being a nonprofit and a for-profit company, hybrid entities are worth considering. There are two main types of hybrid...
2 min read
The term of an LLC refers to the length of time during which the LLC intends to exist. It's a necessary legal specification when drafting your...
12 min read
Chris Daming, J.D., LL.M.: Dec. 5, 2023
The Articles of Incorporation is the doc you’ll file with the state to officially become a corp. This topic is probably more complicated than people...
14 min read
Chris Daming, J.D., LL.M.: Dec. 5, 2023
When it comes to creating multi-member LLCs, the operating agreement can make or break your company. Often the provisions in an operating agreement,...
4 min read
Which state should you form your LLC in? This is one of the first decisions a startup has to make. Also, we're assuming that you know "LLC" is the...
3 min read
Are you an LLC owner thinking about electing to be taxed as an S Corp? If you're still not exactly sure what is S Corp v. C Corp or how an LLC can be...
3 min read
When forming an S Corporation, a well-drafted operating agreement is essential for outlining the rules, management structure, and financial...
2 min read
When are D/B/A's great for your business? If you want to use a name for your business that's different from your LLC's name, you can use a "doing...
2 min read
What are the minutes of an LLC meeting? They are effectively a summary of the important meetings you have in your LLC. At the initial meeting after...
3 min read
Hey there, entrepreneurs! Today, let's talk about something that often leaves many business owners scratching their heads - profits and losses in the...
4 min read
Chris Daming, J.D., LL.M.: Nov. 30, 2023
If you’ve decided to form an entity and aren’t sure if you want to form a for-profit company (think LLC, corporation), nonprofit, or a hybrid entity...
3 min read
Chris Daming, J.D., LL.M.: Nov. 30, 2023
For your NDA, you have to define what information you’re declaring as “confidential.” And there’s a good reason for this -- imagine that your...
3 min read
An S corporation is an attractive business structure choice due to its potential tax benefits and limited liability protection. However, owners often...
2 min read
LLC contributions are essentially what each member brings to the table when starting an LLC. It can be money, property, services, or even a promise...
3 min read
A well-defined partnership operating agreement is the cornerstone of a successful business partnership. It not only outlines the rights,...
3 min read
Starting a business is an exciting journey filled with countless challenges and opportunities. While the vision and drive of an entrepreneur are...
3 min read
Starting a new business is an exciting and challenging endeavor that requires entrepreneurs to navigate through the complex maze of legal...
3 min read
To successfully run and grow a business, entrepreneurs need more than just a great idea and a dedicated team. They need a solid legal foundation, and...
3 min read
For entrepreneurs establishing a multi-member Limited Liability Company (LLC), creating a comprehensive LLC partner agreement is crucial to ensure...
3 min read
Starting a business requires careful planning, dedication, and proper legal guidance. Specifically, choosing the right business start-up attorney is...
3 min read
When forming a multi-member LLC, creating a comprehensive and legally compliant LLC partner agreement is crucial for establishing a strong foundation...
3 min read
Forming a single-member LLC (SMLLC) brings numerous benefits, including limited liability protection and tax advantages. While many states don't...
3 min read
Embarking on a business partnership is an exciting step, but to ensure long-term success, it's crucial to establish a clear and comprehensive...
3 min read
Every Limited Liability Company (LLC) needs a comprehensive, legally compliant operating agreement tailored to its unique needs and circumstances....
3 min read
Starting a new business is an exciting yet daunting process, with numerous legal challenges to navigate, documents to complete, and deadlines to...
3 min read
Starting a business as a single member Limited Liability Company (LLC) offers numerous advantages, such as personal liability protection, tax...
2 min read
The amendment clause in an LLC operating agreement is akin to your GPS when you're navigating changes in your company. It's the key to modifying the...
3 min read
When embarking on an LLC partnership, one of the most crucial aspects to consider is crafting an effective and legally compliant operating agreement....
1 min read
The backbone of an LLC's legal protection is the Indemnity Clause. It shields your LLC's members and managers from liability that may arise during...
3 min read
At its core, the purpose of an LLC is a definition of the business activities your company will undertake. It's a short statement included in your...
3 min read
Starting a single-member Limited Liability Company (LLC) might seem like a straightforward endeavor, but it still necessitates the creation of a...
3 min read
The fast-paced world of startup businesses presents unique opportunities and challenges for startup business lawyers. As legal professionals...
3 min read
As the sole owner of a Limited Liability Company (LLC), you may think that creating an operating agreement is unnecessary. However, this legal...
3 min read
Setting up a single-member Limited Liability Company (LLC) is a popular choice for solo entrepreneurs who wish to protect their assets and enjoy tax...
3 min read
As a business owner venturing into S Corps, it's critical to understand the importance of creating a solid and legally compliant operating agreement....
3 min read
Chris Daming, J.D., LL.M.: Aug. 6, 2023
Starting a small business can be an exhilarating experience for entrepreneurs, full of challenges and opportunities. A crucial aspect of launching...
3 min read
Chris Daming, J.D., LL.M.: Aug. 6, 2023
The digital revolution has opened many opportunities for entrepreneurs to launch and grow e-commerce businesses. With more consumers shopping online...
3 min read
Chris Daming, J.D., LL.M.: Aug. 6, 2023
Creative entrepreneurs such as artists, designers, and writers face unique challenges as they strive to turn their talents and passions into thriving...
4 min read
Real estate investment offers a dynamic and profitable landscape for aspiring entrepreneurs. By acquiring, managing, and selling properties, real...
3 min read
The world of freelancing offers flexibility, independence, and boundless opportunities for entrepreneurs to shine in their respective fields. Whether...
3 min read
The e-commerce industry continues to experience tremendous growth, offering entrepreneurs a vast array of opportunities to capitalize on consumer...
4 min read
The world of franchising offers entrepreneurs a unique opportunity to become part of an established brand while embarking on their own journey of...
4 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
You need a seller's permit if you need to collect sales tax. You need to collect sales tax in certain situations where you're selling goods or...
1 min read
Your nonprofit must be established as a member or nonmember nonprofit. And you have to decide that choice when you're drafting your Articles of...
1 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
For startups, your for-profit, state-law entity choices are (1) LLC or (2) corporation. If you’re a Startup, we’re assuming you have plans to (either...
2 min read
Your company is official, and you’re ready to begin operations. But you want to make sure you're not missing anything, like licenses and permits.
3 min read
Waiting too long to write down your agreements means -- you start your company, agree generally on terms with your co-founder, employee, contractor,...
1 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
If your business starts off with multiple owners, it usually makes sense to hire an attorney to help you initially. We'll go over that but first,...
2 min read
If your business involves any of the following products or services, you’ll need to determine whether a specialty license is required: Alcohol ...
1 min read
Now you're ready to make your nonprofit official! You'll need to file what's referred to as either "Articles of Incorporation" or "Certificate of...
2 min read
What does this mean? The most common corporate formalities are Annual reports Records and minutes of annual meetings Records of votings, meetings...
2 min read
If your business poses a potential safety risk, you may be required to obtain a Safety Permit. Safety risks can range from handling chemicals to...
1 min read
There are two parts to choosing a name for your nonprofit. You have to make sure it's available in your state and that it doesn't infringe on...
3 min read
You need to pick one state for your nonprofit. The most straightforward approach is to consider whether you should file in your home state. ...
2 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
If you haven't read our trade secret protection guide, start there. If you have, one important issue is to determine when trade secret protection or...
2 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
What does this mean? You may file a provisional patent when your invention is almost complete or if you’re ready but haven’t quite perfected your...
2 min read
An Employer Identification Number (or EIN) is how the IRS recognizes your business. It's similar to a Social Security Number, but for your company.
2 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
What does this mean? “D/B/A” stands for “doing business as.” It’s also commonly called a fictitious business name. It means that if your company --...
8 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
Have you ever been in love? What about your first love--are you guys still together? Most people have had that “first love” when they just know...
2 min read
Converting your LLC to a corporation can be a smart move for your business, but the specific steps may vary depending on the state where your LLC was...
3 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
When figuring out your “choice of entity,” you first want to make sure it even makes sense for you to form an LLC. Sometimes, remaining as a sole...
2 min read
So you've already created an LLC, are killing it in your home state, and now you're ready to expand your business to other parts of the country. But...
1 min read
“Corporate formalities” and “LLC” don’t seem like they should be in the same sentence. Isn’t that one of the perks of creating an LLC? So you don’t...
4 min read
Whether you want to register your trademark or not, you still need to make sure your business name won’t infringe on someone else’s trademark. This...
7 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
When you're trying to decide LLC v. S Corp, you should first make sure you understand the full picture of choosing your entity. This blog is great...
3 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
When you're creating an LLC, you have to choose one state as your "organizing state." It's the state where you'll register your LLC by filing your...
3 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
If you “do business” in other states, you need to file for foreign registration in those states that tells the state that you’re doing business...
3 min read
Before we dive into this topic, first, some guidance that not many attorneys will tell you: this question doesn't matter that much for single-member...
2 min read
Chris Daming, J.D., LL.M.: Apr. 18, 2023
What does this mean? If you’re sharing confidential information, you need to have make the receiver sign an NDA before sharing it. We cover...
