Your Business Deserves To Thrive

Choice of Entity

Should you form an Entity for your Business?

An entity is legally recognized as being separate and distinct from its owners.  For example: Limited liability companies (LLC), limited partnerships (LP) or corporations–as opposed to general partnerships or undocumented sole proprietorships. (Each legal entity is referred to as an “entity” for this post.) I am often confronted with the question of why business owners should form an entity for…

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What is a Series LLC?

Sometimes you see the term “series LLC” floating around. Recently a lawyer asked me what a series LLC is, so the uncertainty pervades even among experts. The answer isn’t easy; it’s a nebulous concept. The idea of a series is that you have separate groupings of assets and liabilities within a limited liability company, almost like mini-cells of a company…

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