Tags » Business Entity

Choosing the Right Business Entity

When you decide to start a business, one of the most important decisions you’ll need to make is choosing the right business entity. It’s a decision that impacts many things–from the amount of taxes you pay to how much paperwork you have to deal with and what type of personal liability you face. 1,267 more words

North Dakota’s Adoption of the Revised Uniform LLC Act: What It Means

Guest Blog by Wayne W. Carlson, Michael S. Raum & Elizabeth L. Alvine, Fredrikson & Byron

The state of North Dakota recently adopted the Revised Uniform Limited Liability Company Act (RULLCA), which directly affects the law governing LLCs. 402 more words

Entrepreneurs & Startups

Marriage in Ethereum - A Cautionary Tale

In May 2016, a couple who intend to get married in December 2016 created a prenuptial smart contract agreement on Ethereum in blockchain. Ethereum is not a honeymoon resort, but provides a unique way to create, enter into, execute, pay for, secure, and enforce, contracts. 1,782 more words


New Start-up Business Bank Account: Step-by-Step

One of the first things you think of when starting a new business is opening a new bank account. You must have the answers to three questions before you open a new business bank account: (1) what is the name of your business, (2) how can you prove that you are authorized to open the account, and (3) what is your tax identification number. 22 more words

Legal Developments for the Independent Label

Sometimes, having old school printed documents is pretty useful. Back in 1999, I wrote an article about independent music publishing for a newsletter called “Portfolio” managed by the… 78 more words

Intellectual Property

Why should I organize the structure of my business as a legal entity like a corporation, LLC, or limited partnership if I already carry insurance?

Insurance serves an important purpose for individuals and businesses. Insurance pays to repair damages caused by events that we are unable to prevent. We cannot prevent a lightning strike or a car crash caused by some teenager who was texting and driving.   333 more words

2 Ways To Reduce Taxes Dollar-For-Dollar

The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) extended a wide variety of tax breaks, in some cases making them permanent. Extended breaks include many tax credits — which are particularly valuable because they reduce taxes dollar-for-dollar (compared to deductions, for example, which reduce only the amount of income that’s taxed). 153 more words