Does Every Small Business Need an LLC?

You don’t need an LLC, but you might want one.

An LLC is a limited liability company, a popular type of business structure that limits the liability of the business owner or owners, called members. If someone sues your company, has a lien or judgment against your company, that person or entity cannot attempt to take your personal assets, only business assets, when you’re structured as an LLC.

Small business legal team discussing LLC formation

Starting a Business Without a Formal Structure

You can start your own business without creating a formal business entity. When you do this, your business will default to a sole proprietorship if you are the only owner.…

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What Is “Mergers and Acquisitions?”

Mergers and acquisitions is an overarching term used to describe the consolidation of company assets through financial transactions including mergers, acquisitions, consolidations, tender offers, purchase of assets, and management restructuring.

Mergers and acquisitions talk

Often, companies need the assistance of M&A advisory to help facilitate these transactions. Outsourced accounting firms and law firms can provide valuable insight throughout these negotiations to ensure the transition goes smoothly for all involved parties.

How Do I Understand Mergers and Acquisitions?

When one company takes over another and a transfer of ownership occurs, the purchase is known as an acquisition. A merger, however, describes the combination of two businesses of approximately the same size.…

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Business Lawyers – How Can You Benefit From Their Service?

If you are running a business, be it a small, medium, or big business, it is vital to have someone by your side who knows the legalities of running a business. In this regard, the presence of a business lawyer is important. The lawyer can help you get through every aspect of running a business, especially the leg work.

Business lawyer

Running a business is not an easy thing to do. There are moments when your emotion gets in the way that you end up with impulsive decisions that you might regret later on. However, with a business lawyer by your side, you will have peace of mind knowing that you have an expert by your side who can add value to your business.…

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How Businesses Can Avoid Workplace Retaliation

When an employer punishes an employee for exercising their rights, this is known as workplace retaliation. This punishment can be any action that may be construed as adverse and hinder an employee from pursuing legal action. Workplace retaliation can happen for a variety of reasons, but sexual harassment and racial accusations are two of the most common.

Workplace retaliation claim

However, even though it happens a lot, it’s illegal for your employer to retaliate against an employee for filing a sexual harassment or a racial discrimination complaint. Retaliation charges are usually harder to drop than the original claim.

Businesses often find themselves walking into a retaliation complaint due to easily avoidable mistakes.…

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Reasons Your Company Should Have a Fraud Hotline

Last year, total fraud for businesses and consumers reached an astounding $56 billion dollars. Employee theft, identity scams, and other forms of fraud result in tremendous losses each year — and yet, there are still businesses that don’t have the proper means to protect themselves.

Calling fraud hotline

While it’s nearly impossible to eliminate all risk of fraud, businesses can put measures in place that deter bad actors or prevent significant losses.

What’s the best way to protect your business? Setting up a fraud hotline.

Risks Associated with Not Having a Fraud Hotline

Business owners have a responsibility to take care of their customers, their employees, and their profits.…

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Questions You May Have About Closing a Limited Company

The COVID-19 crisis has led to many businesses having to shut down. Many sectors suffered, especially the arts and entertainment sector and the leisure travel sector. According to reports, both sectors saw about 80% of businesses shutting down or pausing activities in 2020.

Closing down sign

photo credit: Newtown Grafitti / Flickr

Closing a company is a daunting task that requires sound discretion of all legal formalities and thorough precision. Regardless of why you want to close your limited company, there may be some questions on your mind about the process. This guide to closing a limited company will try to answer all the questions you may have about this concern.…

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5 Types of Legal Forms of Business

One of the things that every entrepreneur struggles with is choosing from the several legal forms of business. Each of these legal forms of business has its own set of advantages.

Legal form filing

Read this post to learn more about the five different business structures and their key characteristics. This will help you identify the right fit for your business.

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The Five Legal Forms of Business That You Can Choose From

Here are the five basic legal forms of business, also known as business structures, that you can form to get started:

1. Sole Proprietorship

A Sole Proprietorship is a legal form of business or legal structure that is owned and run by a single person referred to as the sole proprietor.…

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Filing Fire Damage Claims in Miami: How Can a Public Adjuster Help?

Unfortunately, a fire accident can happen anytime, and you may not be prepared to deal with its aftermath. For example, a recent report from August 2021 about a house fire in the Pinewood neighborhood of Miami was a shocker. A car rammed into the house’s garage, causing a fire.

Firemen extinguishing business premise on fire

photo credit: Flickr

Often it happens that a home or business owner claims with the insurance company for fire damage, only to find there’s a delay in receiving payment. With proper documentation and guidance from an experienced Public Adjuster Miami, the residents can quickly settle their fire claims.

Why Do You Need a Public Adjuster?

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Police Powers & Rights: The Legal Side of Law Enforcement

Under US constitutional law, police power refers to the capacity of the various American states to regulate behaviour and enforce order within their jurisdiction. The idea behind granting police these powers is aimed at improving the health, morals, safety, and the general welfare of the residents of those states.

Police car

The legislative body in each territory defines police powers in order to determine the specific public purposes that need to be addressed by this legislation.

The Tenth Amendment to the United States Constitution outlines that the powers, which have not been granted to the Federal Government, are reserved to either the people or the states.…

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How Can a Car Crash Lawyer Help Represent You Against a Drunk Driver Accident

Unfortunately, you may have to share the roads with drunk and irresponsible drivers. Car crashes are inevitable when a driver is under the influence of alcohol or drugs. A drunk driving accident can leave the victims severely injured or with a totaled car.

Car accident

If you accidentally get involved in a crash, you should immediately have a car crash lawyer represent you against the at-fault driver. Auto accident lawyers can cover various issues, including wrongful death, property destruction, personal injury, and liability determinations.

Here are all the ways in which an experienced lawyer can represent and win your case.

Impact Assessment

The rate of collision increases with a higher level of BAC (blood alcohol concentration).…

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