What Happens When LLC Members Disagree?
Every business should have a proper legal structure and bylaws or an operating agreement that sets forth the rights and responsibilities...
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Paul Sparks
- Jul 31, 2023
- 4 min
How to Remove a Member of an LLC
As a business grows, its ownership structure may change and an owner may need to be removed. Removing an owner of a limited liability...
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Paul Sparks
- Jun 28, 2023
- 3 min
Protecting Your Rights as a Shareholder
If you are considering purchasing shares in a company, do you understand the potential risks as well as the perks? What are the rights...
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Paul Sparks
- Jun 26, 2023
- 4 min
Strategies for Protecting Your Business’s Intellectual Property
Before launching a business, entrepreneurs spend a substantial amount of time and money researching and developing their products or...
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Paul Sparks
- Jun 16, 2023
- 4 min
What You Need to Know about Buy-Sell Agreements
If you are a business owner, you probably worry about your bottom line, employee retention, and health insurance premiums, but have you...
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Paul Sparks
- Jun 14, 2023
- 3 min
Limited Liability Companies and Form 1099 Reporting
Business owners typically dislike dealing with the tax reporting, filing, and payment requirements associated with running a business. It...
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Paul Sparks
- Jun 12, 2023
- 3 min
What You Need to Know about Severance Packages
Business owners agree that people are the lifeline of a company. The people you hire can make or break your business. Yet as an employer,...
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Paul Sparks
- Jun 9, 2023
- 2 min
Understanding Corporate Management: Who Is Really in Charge?
Generally, when dealing with smaller corporations such as family-owned corporations, it is not unusual to find that the lines between...
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Paul Sparks
- Jun 7, 2023
- 3 min
Five Considerations Before You Use a Payment Demand Letter
As a business owner, it is almost guaranteed that you will encounter some variation of the following scenario: You engaged a client and...
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Paul Sparks
- Jun 5, 2023
- 3 min
Risky Business: Piercing the Veil and How It Puts Your Business at Risk
When you create a limited liability company (LLC) or a corporation, the concept of limited liability is one of the key rationales for...
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Paul Sparks
- Jun 2, 2023
- 3 min
Considerations for Forming a Limited Liability Company for Real Estate
For individuals who own real estate, it is important to consider the best way to structure your ownership. When you are just starting out...
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Paul Sparks
- May 31, 2023
- 3 min
Why Your LLC Needs an Operating Agreement
Congratulations! You have decided to form a limited liability company (LLC) to run your business. After completing your state formation...
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Paul Sparks
- May 29, 2023
- 4 min
What Is the Difference between a Limited Liability Company and a Corporation?
When starting a business, a business owner must first choose which type of entity to create. Two of the most popular entity types are the...
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Paul Sparks
- May 26, 2023
- 4 min
Asset Protection for Entrepreneurs
Going into business for yourself is a risky endeavor. From investing in goods and services and hiring employees to simply carrying out...
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Paul Sparks
- May 25, 2023
- 3 min
Five Types of Risk Businesses Face
Pursuing a business venture naturally involves risk. Eliminating all risk is not an option—there are many factors beyond your control,...
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Paul Sparks
- May 24, 2023
- 2 min
Should I Use a Non-Disclosure/Confidentiality Agreement?
Business owners often find it necessary or desirable to keep valuable and sensitive information private. In some instances, a business...
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Paul Sparks
- May 23, 2023
- 3 min
Four Things Business Owners Should Know about Trademark Infringement
Against the backdrop of globalization and the expansion of online business activity, trademark infringement is on the rise. Most elements...
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Paul Sparks
- May 15, 2023
- 3 min
The Dangers of DIY Contracts
Contracts are an essential component of effective business management and development. Savvy business owners recognize the value of...
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Paul Sparks
- May 1, 2023
- 3 min
Does Your Website Need a Privacy Policy or Terms of Use?
Conversations about data privacy policies and website terms of use have become more common in recent months. Large companies like...
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Paul Sparks
- Apr 28, 2023
- 2 min
How You Can Keep Customer Data Safe
In today’s data-driven world, small businesses often find themselves in possession of sensitive customer data. As the collection of data...
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