What are the advantages of forming a Corporation?
There are several advantages to organizing your business as a formal corporation. A corporation is a separate legal entity that is distinct from its individual owners. Businesses that …
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What is an S Corporation?
There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an S corporation. The …
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What is a C Corporation?
A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of taxation for this type of business …
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How to Avoid Big Mistakes in your New Business
Each year many new businesses are formed and start with dreams of becoming successful. However, 50% of all new businesses fail within their first five years, according to the Small Business Administration (SBA). Given these statistics and what business owners have at stake, it is important to understand the most common reasons why businesses fail and how to avoid these common …
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A Breach of Fiduciary Duty
Boards of Directors have legal, and arguably moral, responsibilities to the shareholders who depend on them to run a business. Those duties are called fiduciary duties and include the duties of care and loyalty. When a Board member breaches those duties and shareholders are harmed as a result the shareholders have the right to recover damages. When A Breach of Fiduciary Duty Occurs …
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