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1 02, 2015

Family Limited Partnerships

2016-05-25T20:45:25+00:00February 1st, 2015|Blog, Business Law|

A family limited partnership (“FLP”) is a type of limited partnership that is formed by an official filing with the Secretary of State. The FLP is a separate, legal entity, with its own tax id. But any income or loss flows through to the partners and is reported on their tax returns. The key provisions [...]

1 02, 2015

Limited Liability Company

2016-05-25T20:44:23+00:00February 1st, 2015|Business Law|

A limited liability company (“LLC”) is a business entity that many people choose to utilize because its owners are limited in their liability for the company’s debts and obligations. This is similar to shareholders in a corporation having a limited liability, but an LLC can at the same time be treated as a partnership when [...]

31 01, 2015

Living Trusts

2016-05-25T20:48:33+00:00January 31st, 2015|Blog, Estate Planning|

A living trust (“Trust”) is a type of private asset management tool that is created and becomes effective during the grantor’s lifetime. In this type of Trust, the ownership of your property and assets is transferred to the Trust, though you maintain control over the transferred property and assets. In this Trust, the Grantor(s) name [...]

31 01, 2015

Choosing an Entity When Starting a Company

2016-05-25T20:47:13+00:00January 31st, 2015|Blog, Business Law|

In starting a company, the entity type can be one of the most important decisions a new business owner makes. Different entities have different qualities that can affect the business, including asset protection and limited liability qualities. Asset Protection Sole proprietors, those owners who do not operate a business under an entity, are personally liable [...]

30 01, 2015

Financing a Business, Joint Venture or Large Purchase

2016-05-25T20:49:25+00:00January 30th, 2015|Blog, Business Law|

Financing a business, joint venture, or a large purchase can be an incredibly stressful experience, especially if you’re not exactly sure what your financing options are. The sheer costs can be daunting for even the most seasoned entrepreneurs. Evaluating Your Options Although it can be a painful experience, the first step for any person contemplating [...]

29 01, 2015

What is a Security?

2016-05-25T20:50:18+00:00January 29th, 2015|Blog, Investment Law|

What is a Security – the Basics Security is a small word with a very big meaning. This is an incredibly broad term that encompasses, among a host of other investment vehicles and instruments, stocks, treasury stock, notes, debentures, evidence of indebtedness, interests in oil and gas wells and mineral rights, limited liability company interests, [...]

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