Liability Advantages of an LLC vs. Sole Proprietorship

Liability Advantages of an LLC vs. Sole Proprietorship

Company “X Man” is a handyman services company owned by Bill. Bill operates the company out of his home. He has a van with equipment. His brother suggested he set up an LLC, but Bill figured he’d get to it later. One day, Bill was fixing a hot water heater in a...

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Smartest Way to Protect Your Personal Assets From Your Business

Smartest Way to Protect Your Personal Assets From Your Business

LIABILITY PROTECTION One amazing feature of starting a business in the United States (and most western countries) is the ability to limit your liability. Meaning, what you invest in the business is the only thing at risk...not your entire wealth, nest egg, home etc....

Registered Agent Definition Reveals How to Save Thousands

Registered Agent Definition Reveals How to Save Thousands

What is a Registered Agent? Let’s begin with a brief explanation of an agent and what an agent does. According to Blacks Law Dictionary, an agent “is a person authorized to act for or in the place of another; a representative.” There are numerous types of agents such...

3 Differences Between DBA and LLC

3 Differences Between DBA and LLC

Business owners don’t always understand the differences between “doing business as” (DBA) and “limited liability company” (LLCs). Let’s simplify the distinctions by focusing on three differences: liability, legal formation, and marketing. The limited liability company...

How to Create a Partnership in LLC

How to Create a Partnership in LLC

The Limited Liability Company (LLC) is a popular form of business for good reason - it offers liability protection and flexibility. It has not always been available, but since Congress adjusted the tax code to allow it, the LLC has become the most favored business...

Is Your Home At Risk from Your Side Business?

Is Your Home At Risk from Your Side Business?

If you are using an LLC or other legal entity (and using it correctly), then no probably not (unless you personally commit a tort or wrongdoing like punching someone). If you are a sole proprietor, then you need to understand your states’ homestead protections. What...

Do you need a DBA for Business?

Do you need a DBA for Business?

What is a DBA for Business? And what is it not.  “Doing Business As” or DBA is not necessary most of the time. It depends on your state and your situation as to whether you should file a DBA. We’ll help you make sense of it. Quick Answer: Yes, you need a DBA for...

Best Practices for Using Online Legal Templates

Best Practices for Using Online Legal Templates

In a perfect world, we would all have our legal, tax, and financial professionals at our fingertips any time we needed to make decisions or strategize. But, that’s not the reality for the life of an entrepreneur. We all have budgetary constraints. This is where online...

Use Nondisclosure Agreements to Protect Your Ideas

Use Nondisclosure Agreements to Protect Your Ideas

 The Winklevoss twins famously lost their idea for an online student directory to Mark Zuckerberg, who obviously went on to develop the idea and make Facebook a global phenomenon. Zuckerberg now has a personal net worth over $100 billion, while the poor Winklevoss...

Does Your Business Have Trade Secrets? Are they Protected?

Does Your Business Have Trade Secrets? Are they Protected?

How do you protect your tangible property like inventory and equipment? Typically, you’ll use a lock to protect them. Maybe a security system. Simple enough. Well, how do you protect the creative side of your business? This is where it is important to understand the...

Browse Legal Templates & BUNDLES

Browse our library of legal templates drafted by real-life, practicing attorneys or enroll in our exclusive Business Law 101 course today. Better yet – bundle all that knowledge and legal piece of mind together and start your business off right.