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Blog Posts Tagged "closely held corporations"

LLC or Corporation? Which Is Right for Your New Business?

For most entrepreneurs, the choice of business entity comes down to an LLC or corporation, since both insulate personal assets from liability claims. LLCs, S corporations and C corporations all have advantages, depending on your business goals. 

Generally, the comparisons among the three will center on taxes, operating flexibility and treatment of investors and shareholders. 

Here’s a quick overview of these three alternatives that will give you a starting point for considering your options before you talk to your attorney. 

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Advice to Opposing Counsel: Do Your (Legal) Homework

Recently, a widely watched television show composed of a panel of diverse women discussed the recent decision of the United States Supreme Court in the case of Burwell v. Hobby Lobby, Inc. The Hobby Lobby case involves three closely held corporations’ challenges to the Affordable Care Act’s mandate that they provide insurance coverage for four contraceptive drugs or devices that operate after the point of conception.

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