Does BOI Reporting Mean the End of Anonymous LLCs For many business owners, privacy is a major concern. And rightfully so. Just because you’re running a business, doesn’t mean you want your personal information shared with the public. For years business owners have been allowed form and register anonymous LLCs to maintain their privacy while …
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NIL Rights in Real Life By Patrick Hanafin and Zane Johnson The AND1 Ballers Could Have Used a Good Lawyer Debuting in 1998, The AND1 Mixtape was a cultural phenomenon. The concept was simple: take the highlights from various pickup basketball games and have a DJ slice up some hip-hop beats under the edited footage. …
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Will an LLC Protect My Personal Assets? LLCs and Limited Liability One of the main reasons people form LLCs when starting a business is to protect their personal assets. But if something happens, will an LLC actually protect your personal assets? It Depends. Generally speaking, the LLC structure limits business owner’s personal liability. Limited …
Creating Your Small Business Dream Team There may be an I in business, but business is still a team game. Successful entrepreneurs may start the climb alone, but no one makes it to the top without help. Wearing every hat in your business is not a recipe for long-term success. As you start your new …
5 Ways for Entrepreneurs to Limit Liability and Exposure to Lawsuits There’s no way around it. Starting a new business is risky. There’s no guarantee things will work out the way you envision them. While we all imagine ourselves building a 7 figure business empire that will last a lifetime, the reality is that we’re …
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What Are We?… And Other Uncomfortable Questions to Ask Your (Business) Partner Relationships come in many different forms. There are friends, family, partners, neighbors, co-workers… the list goes on. While the basis for each relationship may be different, if there is one thing that’s universally true about relationships it’s this: a fruitful relationship requires effective …
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When it comes to career choices, there’s nothing more exciting than starting a new business. Whether you’re striking out on your own or teaming up with a group of friends, turning a good idea into a successful business is an amazing feeling. However, before you can secure the bag as the CEO of your own …
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Limited Liability Corporations, or LLCs, are one of the most popular entities for new businesses. It is not hard to understand why. LLCs combine the liability protection of a corporation with the available tax structure of a partnership. Additionally, they give business owners freedom to setup and manage their company however they like, with few …
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It may seem counterintuitive, but now might be the perfect time to start your Pennsylvania small business. In the last few months, we have experienced massive events that will have a lasting impact on our country. It is important to acknowledge that these changes have resulted in tragedy for many. However, I am an optimist. …
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Do-It-Yourself legal form providers such as LegalZoom and Rocket Lawyer seem to grow more popular with each passing day. It’s not difficult to understand why. Who doesn’t like the idea of a simple, accessible, and affordable solution? Many attorneys frown upon the use of DIY legal forms. However, I think their emergence is a good …
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