What is a PLLC? This question comes up every now and then. What is a PLLC? We created PLLCs, or professional limited liability companies, as a slight change from regular LLCs for certain …
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What is a Partnership?
What is a partnership? This means different things in different situations. In this context, we're discussing business partnerships from a legal and tax perspective. What is a Partnership? A …
What is Networking?
What is Networking? It gets a really bad reputation, but networking can be a very profitable endeavor. It can do so without forcing you to be that obnoxious salesperson that came to mind …
Accidental Partnerships
You should avoid Accidental partnerships whenever possible. Why? Because they're bad. That's why. What are Accidental Partnerships? First, we need to show what accidental partnerships are. Can't …
What is an S Corp?
What is an S Corp? Subchapter S Corporations is one of the most misunderstood concepts in business law. What is an S Corp? S Corps are entities who have chosen the subchapter S tax rules and …
What is a Sole Proprietor
What is a sole proprietor? When describing the different entity types, my clients often ask this question. What is a Sole Proprietor? A sole proprietor has one owner. It exists without papers …