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LLC vs. Corporation: What Best for a Small Business |
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Written by Mike Wes
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Monday, 18 April 2011 04:02 |
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After deciding what type of products or services you are going to offer, the most important decision you will make in starting a new business is the type of business structure to form. You will be faced with deciding whether to form a General Partnership, S-Corporation, C-Corporation, Venture Capital or Limited Liability Company. If you are starting a small or home business a Limited Liability Company or LLC is your best choice hands down.
A Limited Liability Company (LLC) provides the best of all Worlds, in that it is a type of business ownership combining several features of corporation and partnership. Unlike a general partnership, owners of an Limited Liability (LLC) have limited liability. Which means an owner of LLC can not lose more than the amount he or she has invested in the company. Thus, the owner is not personally responsible for the debts and obligations of the company in the event they are not fulfilled. And, unlike a limited partnership, owners of a Limited Liability Company (LLC) do not lose their limited liability by actively participating in management of the business
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Last Updated on Friday, 03 February 2012 15:43 |
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What To Do When Your Disability Claim Is Approved |
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Written by Madison Hewerdine
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Wednesday, 17 August 2011 14:26 |
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You have been through all the paperwork and you have sent your disability claim to be approved and now your disability claim has come back and it is approved. What do you do now? There are a lot of questions that people have after their claim has been approved, like: when will the benefits start? And can my family receive benefits as well? These are just a two of the many questions going through your head; the following are a few things that will happen once your claim has been approved along with answers to some of the questions.
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Last Updated on Thursday, 15 September 2011 18:32 |
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Joint Venture vs. Partnership: What is the Difference? |
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Written by B. Clark, Esq.
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Wednesday, 14 September 2011 16:27 |
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Many pe ople often consider a joint venture and a partnership as being the same. Although, they both have many similarities there are some very distinct difference between the two entities. The basic similarities are they both are used when two or more individuals or entities decide to jointly participate in business activities. However, if you are considering doing business with another party is extremely important to understand the differences so you will make the right decision for your particular situation.
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Last Updated on Thursday, 15 September 2011 18:32 |
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Can Social Security Benefits be Garnished |
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Written by B. Clark, Esq.
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Friday, 29 July 2011 18:06 |
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Can your Social Security benefits be garnished? None of your social security benefits are subject to garnishment, if the creditor is a non governmental entity such as a auto loan company, credit card, or mortgage or some other non governmental entity. Specially, Section 207 of the Social Security Act (42 U.S.C. 407) bars the garnishment of any Social Security benefits regardless of there whether the benefits are in the possession of the Social Security Administration, the beneficiary, or in a bank account.
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Last Updated on Monday, 01 August 2011 14:29 |
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