I'm often asked if it's better to form a new LLC or just use a DBA under an existing LLC. In this article, we'll discuss a little bit about what each is and the pros and cons of each avenue. …
Franchise versus License Agreement
An area I deal with a lot is the franchise versus license agreement. Though they share some similarities, they are very different legal devices. What is a Franchise? A franchise is a legal …
What the Hell is an S-Corp?
Seriously, what the hell is an S-Corp? I get asked this all the time. This is one of those topics that the internet is terrible for. There's so much misconception about what an S-Corp is and when it's …
Personal Guarantee
A personal guarantee is a legal mechanism to make one person personally liable for a debt that otherwise isn't theirs. For example, when I was in college, my first landlord asked for a parent to …
Handbook, Offer Letter, and Employment Contract
A lot of my clients come to me when they need an employee handbook, offer letter, or contract for employment. That makes sense to me. Hiring your first employee is a minefield of legal troubles. In …
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The Dream LLC Setup
The Dream LLC Setup is generally that structure that provides the most protection and tax advantages for the owners. Ideally, one LLC protects the owners from all personal liability, but that's not …