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 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
- Apr 26, 2023
- 2 min
Understanding How LLC Members Pay Taxes
Limited liability companies (LLCs) are one of the most popular types of business entities. The LLC’s flexible taxation options are one...
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Paul Sparks
- Apr 24, 2023
- 3 min
What Is a Business Succession Plan?
If you own a small business, developing your succession plan is a critical element of business planning. Many business owners fail to...
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Paul Sparks
- Apr 24, 2023
- 3 min
What Is an S Corporation and Should I Form One?
Contrary to popular belief, the S corporation is not a distinct entity type. According to the Internal Revenue Service (IRS), an S...
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Paul Sparks
- Apr 10, 2023
- 2 min
Business Insurance: Protecting Your Business from Unexpected Losses
Business owners have invested large amounts of time and money to make their business a success. Business insurance protects this...
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Paul Sparks
- Apr 3, 2023
- 2 min
Record Keeping for Your Business: What's Required?
Whether you are just starting up a new company or have a business that has been in operation for a while, good record keeping is an...
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Paul Sparks
- Mar 30, 2023
- 4 min
Making an S Corporation Election as a Married Business Owner
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know....
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Paul Sparks
- Mar 28, 2023
- 3 min
Should I Use an LLC (Taxed as a Partnership) or an S Corporation?
Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but...
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Paul Sparks
- Mar 27, 2023
- 3 min
Utah Series LLCs: What You Need to Know
A series LLC is a relatively new form of LLC. A series LLC is composed of a master LLC that houses a series of LLCs. However, the master...
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Paul Sparks
- Aug 22, 2022
- 2 min
Should You Own a Business with Your Spouse
The potential for blurred lines and conflicts in a couple-owned business makes it crucial that the business relationship be treated...
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Paul Sparks
- Jul 29, 2022
- 2 min
Does a single-member LLC need an operating agreement?
An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC....
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Paul Sparks
- Jul 28, 2022
- 5 min
How to prepare for selling your business?
Part of the reward of being a small business owner is seeing your hard work pay off. The many sacrifices made for your business can all...
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