If you are one of two or more owners of a business, what happens when the state of the shared ownership enters a state of unrest or significant change? The consequences of these changes could possibly be severe and life altering for the affected...
You have a great idea for a new business you what to develop, but what type of entity should you choose when forming your business? It is important to make an informed decision from the outset of organizing your company. In his first video blog,...
When one individual wants to form a business, it is not that hard to have the paperwork completed. When there is more than one owner, however, other issues arise. In his second article on business formation, WRG attorney Barry Dorans delves into...
A primary reason why an owner retains a lawyer to help them set up a business is to make sure they are not personally liable for the debts of the company. In this blog post attorney Barry Dorans highlights a recent case from the United States...
WRG attorney David Bastiaans has worked with business owners for the past 19 plus years. Some of the owners he works with are very happy and satisfied with their business while others find it a constant grind and struggle. This article looks into...
Many businesses use a name that is different from its legal name called a trade or fictitious name. This can happen by simply dropping the “Corp.,” “Inc.,” “LLC,” etc. from the legal name of the business entity. For example, an entity created as...
The whole idea of using a corporation or limited liability company is to provide protection for the owner from the creditors of the corporation or limited liability company. The law says you are not personally liable for your corporate or limited...
One of the main benefits of a corporation or limited liability company (“LLC”) is that unlike a partnership or sole proprietorship, the owners of the entity have no personal liability to any contractual creditors of the corporation, unless they...