If you start a limited liability company (LLC), you need to create an Operating Agreement with your partners. This document protects all members by specifying ownership percentages, rights and responsibilities of each partner. Here are more details to consider regarding an LLC Operating Agreement.
Mergers and acquisitions is a general term given to a bulky process of transactions that transfer or combine the ownership of companies or other business organizations or their operating units. As said that it's a bulky process, and requires a huge base of consents from various interest holders, Read more »
Mergers and acquisitions often fail because the businesses involved do not think things through enough to produce a viable result. Reasons vary from case to case such as losing the focus on the desired objectives, or failing to devise a plan that includes suitable involvements and control, or the Read more »
You never want your property falling in the hands of the wrong person or simply being wiped away by any lawsuits filed by some plaintiffs against you. With an increasing rate of divorces, bankruptcies, and other cases like accident victims, loan default, etc., there is an increasing chance that Read more »
You have been on a high pulse rate for the last few days because of the continuous calls by the debt collectors asking you to pay the bills you are falling short on. Debt collectors can be a first-party agency, a department or a subsidiary of the original company Read more »
Intellectual properties are the fruits of your mental labor and so, intangible in nature. You can put chains over your tangible assets to protect them from theft, but how will you protect something that can't be touched? This problem gave birth to the idea of Intellectual Property (IP) law Read more »
The short answer is an emphatic, yes. There are many important reasons to incorporate or organize a business. One of the primary reasons is to insulate your personal assets from the debts of the business. If for any reason your business is sued, then your personal savings and Read more »
Current tax laws allow individuals to leave almost $5.5 million to their heirs without paying federal estate or gift taxes. Married couples can protect almost $11 million from federal inheritance taxes.
It's a great time of year to consider some year-end steps for your business so that you can have a clear business focus at the start of the new year. Here is a simple end-of-year checklist for your small Read more »
Tax reliefs are the reduction in taxes that you owe to any state, local body or any federal taxing authority. To earn the tax relief benefits, you need to meet certain criterias. For example, people of Colorado can earn property tax relief programs if they are- senior citizens, people Read more »