In Part 1, we explored Sole Proprietorships and General Partnerships, neither of which limit liability for a business owner. In Part 2, we will explore some options to limit liability within a Partnership or a Limited Liability Company.
Limited-Liability Partnership Continue reading What do I need to know to start a business? (Part 2)
Starting a business can be a fun, exciting, and terrifying ordeal. It takes a vision, a plan, and the execution of the plan while also adjusting for events as they affect the plan.
During a lecture I was attending once, the speaker said, “Anyone can start a business, but not everyone can run a business.” That, combined with a recent conversation I had got me thinking that I should write about this topic, and all of the questions that come with starting a business. While this is a general discussion of legal principles, it will provide a good foundation of information to think about and discuss with your attorney. Continue reading What do I need to know to start a business? (Part 1)
The Affordable Care Act, commonly referred to as ObamaCare places requirements on some businesses to offer health insurance for their employees.
The Affordable Care Act has become a highly debated topic and this article is not addressing the merits or drawbacks to the law, it is simply explaining what is required.
Continue reading Am I required to provide insurance for my employees?
In Part 1, we started exploring do-it-yourself (DIY) legal products compared to hiring an attorney. DIY legal products can be appealing because they can be far less expensive than hiring an attorney, but it may not meet your needs.
In a comparison of a will provided by LegalZoom and a will from an attorney, I think most people would agree that a more educated and legally proficient person may be able to obtain a better end-result with DIY product than a less educated and less-proficient person. In exploring this theory, a Minnesota attorney named Gregory Luce decided to compare LegalZoom with a will drafted by an attorney. The article about his experience can be found here.
Continue reading Should I hire an attorney? (Part 2)
Do-it-yourself (DIY) options have become a lot more common in the world of legal services. You can now go on-line to prepare your taxes, write your own estate plan, and open your own business, among numerous other options.
While these DIY options to establish a plan do exist, the question remains of the quality of the plan that these DIY options create. Continue reading Should I hire at attorney? (Part 1)