Topic: Anthony Mancuso
The name of your business cannot be the same as the name of another corporation on file with your state's corporations office (usually the Secretary of State's office). A corporation's directors make the major policy and financial decisions for ...
Making a will is especially important if you own your own business. You know that in a will, you state your wishes about who you want to inherit your property, divvying it up however you choose. That person will be in charge ...
The right structure -- corporation, LLC, partnership, or sole proprietorship -- depends on who will own your business and what its activities will be. When you start a business, you must decide whether it will be a sole proprietorship, partnership, corporation, or limited liability ...
Owner buyout agreements decide what will happen if an owner wants out. A buyout agreement controls the following business decisions: A buyout agreement is a sort of "prenuptial agreement" between you and your co-owners: Typically, the events that trigger the buyout of ...
LLCs and corporations may have to " Although these issues aren't discussed in this article, you can get more information on these topics from Nolo's eGuide, How to Do Business Outside Your State, by Anthony Mancuso and Rich Stim.. Although every ...
S corporations limit owners' liability and offer the tax structure of a partnership. An S corporation is a regular corporation that has elected "S corporation" tax status. Forming an S corporation lets you enjoy the limited liability of a corporate shareholder but ...
Take these steps to form a limited liability company, or LLC. The name of your business cannot be the same as the name of another limited liability company (LLC) on file with your state's LLC office (which is usually part of ...
Owner buyout agreements decide what will happen if an owner wants out. A buyout agreement controls the following business decisions: A buyout agreement is a sort of "prenuptial agreement" between you and your co-owners: Typically, the events that trigger the buyout of ...
Type of EntityMain AdvantagesMain DrawbacksSole ProprietorshipSimple and inexpensive to create and operate . General partners can raise cash without involving outside investors in management of business. Regular CorporationOwners have limited personal liability for business debts . More expensive to create than partnership or sole ...
Mancuso can tell you the difference between an S corp and a limited liability corporation with grace and ease. Beyond simple state filings, Mancuso also tells how to set up an equity-sharing plan for employees, how to estimate an annual tax bill ...