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Why I Avoid Partnerships and Prefer Joint Ventures.
Most partnership problems are caused by lack of a good Partnership Agreement and complex personality and business issues associated with the structure and function of the entity. A Joint Venture structure can be much more user-friendly.
Initial Questions to Ask When Starting a New Business
This guide is intended to help a person think about issues related to starting a new business, regardless of its purpose. It is not intended to be an all-inclusive checklist. Please consult a lawyer for complete analysis.
Bookkeeping for your small Business I
Bookkeeping set-up information
Steps For Starting A Small Business
Check list on starting a small business.
Types of legal (business) structures
This article provides an overview of the four basic types of business structures.
What to look for when choosing an accountant
No matter how small your business or how terrible your cash-flow is, an accountant is one professional you cannot afford to be without. Accountants provide services that go way beyond frantic, last minute tax returns; or at least they should do. They are highly trained professionals who can be a tremendous benefit to your company. This article discusses some of the areas an accountant can help you and highlights some areas to consider when choosing the right one for your business.

Other limited liability company Related Articles

What Type Of Company Should I set Up UK
When setting up your company you need to decide at an early stage how you intend to structure it. What type of company legally beneficial - a Limited Company, a Partnership, Limited Liability Partnership or Sole Trader?
How to Deal with Difficult Business Partners
All successful companies have one thing in common. On average, they carry more assets than they do liabilities. These companies are also quick to take note when something that was once an asset now has become a liability. They either try to make this new liability an asset again or they swiftly remove it from the company. This process may sound easy enough unless the liability you are thinking of is your relationship with your business partner.
The Dominican Corporation
The most common business entity in the Dominican Republic is the corporation, locally called “Sociedad Anónima” (S.A.) or “Compañía por Acciones” (C. por A.). As corporations in other countries, Dominican corporations are legal persons which exist independently of its shareholders. Likewise, the liability of the shareholders is limited to the amount of their contribution to the corporation. The Dominican Commercial Code provides for the existence of other business entities such as partnerships (“sociedad en nombre colectivo”), limited partnerships(“sociedadesencomandita”)and joint ventures (“sociedades en participación”). These structures, however, are seldom used because they are subject to the same tax treatment as corporations while lacking its limited liability component.
How directors can prevent themselves being liable for their company’s debts
The reason most start up business owners decide to form a company is to protect themselves in the event that their business goes belly up. The so called “limited liability” protection offered by the company structure may psychologically persuade us to take more business risks than if we were trading on our own account. However, in times of hardship, limited liability may not be all its cracked up to be and business owners could end up being personally liable for their company’s debts if they fail out to carry their duties as a director properly.
Which Company Structure is Right for You?
Which company structure is right for you? - For brand new entrepreneurs who are looking to start a business, the question of company structure will come up at some point. The names are well known – sole proprietorship, partnership, limited liability company, corporation – but the differences between these four types are not always common knowledge. In this article, you'll read about the four types of structures. You'll learn briefly what characterizes each one, how income flows through to the owners, and what kind of legal implications there are. This article can be a starting point for you as you decide what structure your business will take.

Home-based Business: Why You Should Make Bayberry Candles
Unlike many other waxes for candles, bayberry’s is limited for a certain period of time. Derived from the berry fruit of bayberry shrubs, the candles from such wax can only be made from autumn to spring, season when the fruit-bearing activity is at its peak. Some view this as a liability because its being limited means the price for the raw wax is expensive.
How to Avoid Having Your Creditors Pierce the Company Veil
One of the principal reasons you form a corporation or a limited liability company (“LLC”) to own and operate your business is to insulate your personal assets from the claims of business creditors in case your business is not successful. Generally, your personal exposure is limited to the amount of capital you have contributed to the company. However, if you fail to follow the requisite business formalities, your attempt to insulate yourself from the claims of business creditors may be futile.
Why You Need a Lawyer When Buying a Franchise
There are a number of issues, which you should consider at the time of purchase, where an attorney can render valuable assistance to you. 1. Evaluate various franchise opportunities including a review of each franchisor's Franchise Disclosure Document. 2. Negotiate and finalize the franchise agreement and other agreements. 3. Forming a corporation or limited liability company. 4. Estate planning opportunities such as an "estate freeze." 5. Lease negotiation. 6. Fictitious name registration. 7. Special legal issues such as licensing.

Determining the Business Entity Best for Your New Business
One of the most important matters that a person needs to focus on in the early stages of starting a business is determining the type of business entity to operate the business. You need to address this issue with the advice of an experienced business attorney in coordination with a certified public accountant. Most individuals operate his or her business under one of the following entities: 1. Sole Proprietorship; 1. General Partnership; 2. Limited Partnership; 3. Joint Venture; 4. "C" Corporation; 5. "S" Corporation; or 6. Limited Liability Company. While most new businesses are either an S corporation or a limited liability company, you should analyze each type of business entity to determine which is best for your business from a liability, tax, investment, legal, formation, operati
Insurance Defense Costs
Does Your Business Insurance Policy Cover Defense Costs Within the Insurance Limit or Defense Costs Outside of the Insurance Limit? Did you know that a liability policy, which is part of any typical business insurance policy or commercial insurance policy coverage, has two distinct obligations? A liability insurance policy, if it is a general liability, product liability or professional liability insurance policy is designed to protect you against your legal obligation to pay others because you have hurt them and/or have damaged their property. A policy also defends you against claims or lawsuits. In other words, besides paying for claims or suits, a liability policy also pays for their related legal costs and court fees.
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