Blog Posts Tagged "llc"
Forming an LLC? Don’t Forget to Have “The Talk”
Posted on May 04, 2016 by BY TURNER PADGET LITIGATION TEAM
About two-thirds of all new businesses in the U.S. start out as LLCs, or limited liability corporations. Entrepreneurs recognize that LLCs combine the protections of a traditional corporation with the operating flexibility that small businesses need.
We’re big fans of LLCs, but they are not without potential pitfalls. When there are problems, it’s usually because the LLC members were in a hurry at the outset, and didn’t take advantage of all the safeguards and flexibility this business formation entity allows. continue reading
Business Start-up Legal Checklist
Posted on Jun 24, 2015 by BY TURNER PADGET LITIGATION TEAM
Anyone who has started a business can tell you that they were surprised at how many legal and regulatory hoops they had to jump through just to open their doors. My husband and I experienced this first-hand when we opened a coffee shop and retail business in Greenville. We’re both lawyers, and we still found the process daunting.
When you start a business, be sure you have the right people in place to help you. A lawyer will be one of them, and here’s a checklist that will help new entrepreneurs stay out of trouble and increase the chances of getting their business off to a trouble-free start. continue reading
The Best-Laid Plans of LLCs…Sometimes Turn into Disputes Between Members
Posted on Oct 30, 2014 by TURNER PADGET LITIGATION TEAM
The Limited Liability Company structure can be a great option for businesses; it combines the best of partnerships and corporations. Like corporations, members are not personally responsible for company debt. continue reading