Limited liability is an important advantage provided by corporations and limited liability companies (LLCs). The personal asset protection that corporations and LLCs provide for their owners, however, is not absolute. To maintain the liability shield, owners must comply with certain corporate formalities required by state law or recommended as a best practice. In addition, observing...Read More
Basic Terminology When Setting up a Company I notice that many people mix up different corporate and tax terminology and are often confused by it. As I have encountered that a few times recently, I thought the newsletter was a good place to try to dispel some of the confusion. Starting with the LLC, as...Read More
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