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Deciding On The Best Business Entity

The choices for business entities are expanding, often making it confusing to decide what kind of business entity is right for you. The choices include: Sole Proprietorship, Corporation, General Partnership, Limited Partnership, Limited Liability Company, along with numerous choices for structuring these entities. An informed decision of which entity is best for your business involves an evaluation of numerous legal as well as other factors. You may know, for instance, that a corporation affords your business certain protections from liability which you would not have as a sole proprietorship. To take advantage of this protection, it is necessary to maintain...

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Business Disputes In Divorce

Dividing a Family Business in Divorce Many families own and operate family businesses. Deciding how to handle a family business in a divorce can be a difficult issue. Many factors go into valuing a business and deciding how it should be equitably distributed. Often, the business provides the livelihood for one or both of the parties. The family business may be in the name of one spouse and that spouse may be the primary person responsible for it. However, how a business is named or titled may not be determinative of the issue. A judge presiding over a divorce will ask pertinent questions...

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