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Don’t be a General Partner! (Not Even by Accident)

A partnership is the most basic and perhaps the oldest type of business formation, and quite simply the easiest to enter into.  In fact, it is so easy to enter into, you may enter into without even knowing it.  Anyone you share profits with could legally be your partner, and your partner is legally obligated […]

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Legal Structure and Your Business

Legal Structure and Your Business Oh great. Another thing to think about. In this blog entry for our “So You Want to Start a Business” series, we tackle the different types of business entity. What form or type of business entity should you create? Most people do not know their options in this regard, let […]

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Considerations when Buying a Partnership Interest

Although we have covered in some detail the necessary steps and issues encountered when creating a new business, we have not discussed what you need to consider when buying “into” a business, i.e. buying a partial interest in an existing business entity. Specifically, we have several inquiries posted to our Law 4 Small Business website asking […]

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Partnerships

The next topic in our continuing discussion about selecting an appropriate form of entity for your business is “partnerships.” When the first two people in history came together in some hopefully lucrative enterprise, they had a “partnership” whether they knew that or not. Today of course, there is a little more to it. Generally, a […]

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General Considerations When Choosing a Business Structure

After you have made the exciting, daunting and life-changing decision to go into business for yourself, probably the most critical and complex decision impacting the potential success of your business immediately presents itself: What form or type of business entity should you create? Many people are not really sure of what their options are in […]

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