Have an LLC? There’s a Thing Called Phantom Income
Ghosts, Ghouls, and the Trouble with Phantom Income: The Hidden Dangers of LLCs In my last article, we discussed the pitfalls of cancellation of debt income and how loans between …
Small Business Corporate Governance: Fiduciary Duties
Flexible standards provide small business owners tremendous leeway in fashioning management rules. In developing their enterprise, majority and minority owners need to take stock of fiduciary duties they undertake as …
Comparing Single Members and Multi-member LLCs
Deciding the legal form of an enterprise is one of the first questions to be addressed by entrepreneurs. In our last article, we compared the characteristics of Standard …
There Are Many Small Business Incorporation Models, but What’s Option?
Deciding the legal form of an enterprise is one of the first questions to be addressed by entrepreneurs. For an entrepreneur starting up a business, one of the …
Consider the Flexibility of an LLC
There’s a right business structure for your company and many considerations on choice, the flexibility an LLC affords is unique Whether an LLC or other type of business entity …
