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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What steps are required to form a corporation?
A corporation is a legal entity with a corporate charter from a state. To form a corporation, the following simple steps are required: 1. Select a name for your business. State laws …
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How to Deal with Common Disputes of Family Owned Businesses
There are many advantages to family owned businesses. When things go the way that you envision them, your family works together toward common business and family goals. You trust each other and provide each other with the flexibility to succeed financially and personally. However, things don’t always go as planned and disputes are common in family owned businesses. Common …
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Due Diligence in Business Mergers and Acquisitions
Business transactions often require that many people trust a few people to make important decisions about investing money, buying or selling businesses, or pieces of businesses, and other complicated matters. The law protects all of the people affected by the business decision by requiring those charged with making the decision to exercise due diligence. Due diligence is a legal …
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