SEVEN KEY REASONS TO DITCH THE SOLE PROPRIETORSHIP AND START AN LLC
Have you ever wondered why you would ever need a Limited Liability Company (LLC)? Here are seven compelling reasons to hire a local attorney to organize a new LLC: REASON ONE: LLCs offer limited liability and significantly reduce financial and legal exposure for the owners. In other words, LLCs can…
WHAT IS A BUY-SELL AGREEMENT, AND WHY IS IT IMPORTANT?
Introduction A Buy-Sell Agreement is a legally binding contract between a business and its owners that lays out how significant events—such as death, divorce, disability, or departure of a partner— will affect the management and control of the business. A well-drafted agreement anticipates the intent and needs of the owners,…