A limited liability corporation (LLC) is not a separate tax entity such as a corporation; Instead, this is what the IRS calls a “hobbies” entity, such as a partnership or an individual company. All LLC profits and losses “go” through the company to the LLC owners (so-called members) who provided this information on their… Read more ” This article is part of our non-profit start-up guide – a list of items that will help you plan, start and grow your not-for-profit business! non-profit businesses are very similar to normal organized businesses; However, operating a not-for-profit corporation means following specific rules. Here`s what you need to know. Organizational structure of the non-profit organization… Read more ” Many entrepreneurs have two objectives in choosing a structure for their business: to protect their personal assets from their professional rights and to tax corporate profits on their individual tax returns. Not so long ago, an S company was the only choice for these entrepreneurs. In recent years, however, the popularity of S… Read more “There are some advantages to buying an existing business if you are not so interested in starting a business from scratch. The key to buying a business? Do the right research so that you are sure that what you see is what you will get. Read more “If you are considering doing business with a business partner, a written partnership contract is important.
If you and your partners do not expose your rights and obligations in a written corporate partnership agreement, you are ill-equipped to resolve conflicts when they arise, and minor misunderstandings can withstand major litigation. In addition, without… Read more “By definition, a partnership is a deal with more than one owner who has not filed papers with the state to become a limited liability company or corporation. There are two basic types of partnerships: general partnerships and limited partnerships. This article only deals with general partnerships, partnerships where each partner… Read more “For most contracts, legality is neither essential nor useful; Contractual agreements are best expressed in plain and daily English. Although many contracts are filled with legal gibberish that distorts conscience, there is no reason for this to be true. For most contracts, legal personality is not essential, even useful. On the contrary, the agreements you want… Read more “Nolos Mission is to make the legal system work for all – not just for lawyers. What we do: to help people deal with their own day-to-day legal affairs — or to learn enough about them to make work with a lawyer a more satisfying experience — we publish books, software, forms, and this website.
Some of our products have been in print for almost 30 years, so Nolo is in business. Everything we publish is regularly reviewed, updated and improved by our legal staff to ensure that this is the best thing it can be. We are attentive not only to changes in the law, but also to the reactions of clients, lawyers, judges and judicial staff. The internet is tailor-made to provide legal information on self-help. Online, we can make useful and up-to-date information and legal products available immediately and 24 hours a day. Our site offers articles on almost all legal topics and links to other useful sites. If you need more help, you can buy a book or software, download a short eGuide or an electronic form, or fill out a single legal form online. (And unlike any lawyer we know, we offer a refund guarantee.) We also use our website to promote our own proposals for reform of the U.S. legal system and to have some fun with the courts and lawyers.