Before setting up a single-member LLC, the first thing you need to know is whether or not you actually need one in the first place. In this guide, we'll look at why sole-member business owners need a single-member LLC, how it works, and how to get ...

Is the Protection Against Liability Absolute? If Not, When Can It Be Lost? When you’re starting a new business enterprise and considering the different business structures available, one of the most attractive attributes of a corporation is the ...

Reasons Why You May or May Not Want to Enter a Partnership The concept of a business partnership has been around for thousands of years. In fact, the Code of Hammurabi, one of the earliest known sets of laws, provided guidelines for the ...

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The Advantages and Disadvantages of Each Business Form When you're starting a new business enterprise, one of the most important decisions you'll need to make involves the legal form of your company. For many small businesses in particular, that's ...

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What Is a Trust? How Does It Protect You From Creditors? When you've worked hard to build a significant net worth, you want to be careful to take the right steps to protect your assets. One of the most effective ways to do that is through the ...

What Are They? When Are They Binding? Though there are some contracts that must be in writing to be enforceable, oral contracts are generally valid. Often, parties will verbalize the details of an agreement and clearly state that a contract has been ...

What Are the Situations Where an Oral Agreement May Not Be Enforceable? Over the past few months, we have taken a closer look at the five requirements of a valid and enforceable contract: An agreement based on an offer and an acceptance of that ...

When Is the Subject Matter of a Contract Illegal? In earlier blogs, we have looked at four other requirements of a valid and enforceable contract: There must be an agreement. Both parties must have given consideration. The parties must ...