Operating Agreements: Just Like a Prenup for Your Business

Some legal documents are too important to ignore. One of those is an Operating Agreement. This is especially important for a Limited Liability Corporation (LLC) with more than one owner. Basically, this document will be like a prenuptial agreement. Why? Creating a business with a partner or partners is just like marriage: You may enter this relationship hoping for the best but a written OA will be preparing you for the worst, aiming to protect…

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LLC or C Corp? Filing for the Wrong Entity can Bring Problems

Filing the paperwork to start a business in the USA is relatively easy. Many persons do it by themselves without the help of an attorney. This is great and painless most of the times but business owners need to know the different obligations that regulatory agencies impose when creating a legal entity. The easiest way to start a business is by creating a Limited Liability Corporation or LLC. We recommend our clients to prefer this…

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Differences between an LLC and an Inc.

Thank you Bhavini Mistry again for your thorough research and contribution to this article. In the business world, there are two main types of businesses a company can become which are either a limited liability company (LLC) or a corporation (Inc). Limited liability companies (LLC) are formed by one or more owners and is seen as a “pass-through” business by how the income or losses of the LLC company are sent through the owners that…

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The Perils of Using Your Name as a Brand

Thank you Bhavini Mistry for her contribution with this article.What is all the fuss? In 2014 the California-based surfer brand O’Neill sent a “#ceaseanddesist” letter to Thaddeus O’Neil, a designer from Long Island who sells similar surfer clothing.  A “cease and desist” is the first legal step to stop another company from performing certain actions. In this case, O’Neill wants to stop Thaddeus from selling clothes under his name [Thaddeus O’Neil] because it is very…

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