LLC Examples: Everything you Need to Know

When it comes to business entities, there are a few different types that you can choose from. One of the most popular is the LLC. What is a limited liability company, and how does it work? What are the benefits and disadvantages of owning one? How do you find out who owns an LLC? We will answer all of those questions in this blog post and more! We will also discuss some of the available different types of LLCs.

LLC formation

So whether you are just starting in business or considering making a switch, this post has everything you need to know.…

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Should You Set Up a Limited Company?

While being a sole trader (AKA being self-employed) is probably the most well-known route when it comes to running your own business, many people are starting to look into how they can register as a limited company instead. But why are people considering making such a change? And what are the benefits of doing so?

Company formation meeting

photo credit: Zora Shimazaki / Pexels

The administrative tasks and attention to detail that come with setting up a limited company may seem extremely difficult, but with those added responsibilities come several advantages that you may not be aware of.

So, if you’re thinking of leaving the sole trader life in favour of registering as a limited company, what can you expect to get back in return?…

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How Your Business Interests Can Be Protected By Signing A Prenup

Are you wondering what the benefits are of signing a prenup to your business? We have gathered all the information you need to set your mind at ease.

Business prenup agreement

Asking your spouse for a prenup even a decade ago would have been a very awkward situation to handle. But recently, prenuptial agreements are more common as couples realize the benefits of a prenup.

No one would want their marriage to end in a divorce; having said that, having a prenup would be very beneficial if either or both of you own a business.

You may have started that business before you married and want to protect it in the event of a divorce by not letting it be subject to the court’s distribution.…

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The Best Car Accident Lawyer in Virginia Beach

You’ve been involved in a car accident and surely know that you will be heading to court and will need to get in touch with the right lawyer. A car accident lawyer is the best person to speak with when in need of legal assistance in a car accident. There is no telling what you will meet on the road when you drive off in your car and while you need to make sure that you follow vehicle traffic safety rules when on the highway, you also want to make sure that your vehicle is in the best condition always.

Car accident lawyer

But as the saying go, you want to hope for the best and expect the worst.…

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8 Different Types of Wills Explained

Family is the closest bond in the world. You want to do everything for your loved ones while you can, and it is natural to wish the very best for them even after you pass away.

Types of will

Creating a Will is one of the noblest things you can do for the peace and prosperity of your family. Besides protecting your assets, children and spouse, the last will and testament dictate precisely how you want things handled after your death.

A Will is surrounded by legal nitty gritties. You should have an understanding of a few technicalities, at least know the types of wills, before you even think of making one.…

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Your Guide to Car Crash Back Injuries to Avail Better Settlement

Back injuries occur when the lower back, upper back, or the spine are injured. Back injury can lead to permanent paralysis or cause serious nerve damage. In some cases, back injuries may be as minor as a tissue rupture or small sprain. But in some cases, a spinal cord injury can be chronic. It can keep you in bed for a few months, years, or maybe even longer.

Personal injury lawyer studying cases

Many car accidents usually result in serious back injuries. Many costs are involved in treating these injuries. So you need a good back injury lawyer, who can help you understand the next steps and help hold the responsible party liable.…

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4 Tips for Choosing The Right Compliance Training Program

The modern world has undeniably brought about some amazing and beneficial changes, but we cannot deny the fact that a lot of organizations are struggling to stay compliant with certain acts while also trying to ensure their online safety and security.

Compliance

For instance, since healthcare organizations have to worry about data breaches quite a lot these days, they are sometimes finding it difficult to comply with HIPAA, i.e. the Health Insurance Portability and Accountability Act further defined by this useful source.

Yet, given all the changes, some things cannot and should not be ignored, including HIPAA compliance. This just means that you will have to make sure that your healthcare organization is properly observing all the necessary rules and that your patients’ information are staying completely safe and protected by your organization.…

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New Jersey: The Top 8 Best Truck Accident Attorneys

A truck collision is a terrible encounter that frequently leads to devastating injuries and even death. It may be possible to seek compensation for damages if a person is wounded or killed due to the carelessness of a driver.  A truck accident investigation is a quest for the truth.

Semi-truck accident

So, we have the list of the top 8 truck accident attorneys of New Jersey right here at your fingertips:

1. Peter N. Davis

Following a major truck collision, there are several concerns to explore.

You need Peter N. Davis on your side because you can rely on him to protect your rights and help you through the numerous questions you will have.  …

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Workers’ Comp 101: Everything a Small Business Owner Needs to Know

As a small business owner, it is essential to minimize any potential financial losses and protect both yourself and your company from liabilities such as fines and lawsuits. One important way to do this is by getting workers’ compensation insurance to protect your company and your employees in the case of an injury or accident at work.

Discussing worker's compensation

photo credit: Andrea Piacquadio / Pexels

Depending on where your business operates, it might be a legal requirement to provide workers’ compensation insurance to your employees. As a result, it is important to check both federal and state laws to ascertain if you are legally obligated to give a worker’s compensation package to your employees.…

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The Advantages of an LLC Legal Structure for Your Small Business

Starting a new small business involves a lot of preparation. You need funds, space, and equipment to start your operations. Aside from these immediate needs, you also need to comply with local and national requirements to ensure that your business operates legally.

LLC legal structure benefits small business

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One of these legal requirements is choosing a business structure that determines your company’s day-to-day operations, such as management, taxation, profit-sharing, and legal recognition. Many small business owners prefer the arrangement brought on by a limited liability company (LLC).

What is an LLC?

It is a business structure that allows business owners to enjoy limited personal liability without the sky-high tax rates of a corporation.…

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