Category Archives: Business Planning

Does the “Corporate Veil” Really Protect Your Personal Assets?

If you’re starting a business, you may have started to do your homework to weigh your options for what kind of business entity you want to create.

You’ve likely considered the tax and non-tax implications for the different types of entities. If so, then you’ve probably also run across information on protections certain business entities afford...
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5 Key Benefits of a Well-Written Job Description

Although the main purpose of a job description is obviously to describe a job, it also serves a much larger purpose. A well-written job description can improve a company’s ability to manage employees in many ways.

A well-written job description will do the following:

  1. Clarify expectations. Employers need to spell out their expectations of what an...
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Transferring LLC Membership Interests Part 3

Part 3—Involuntary Transfers

In the third part of our three-part LLC Membership series, we're discussing involuntary transfers. To get caught up you can read our previous blogs on LLC Membership Overview and Voluntary Transfers. An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or the occurrence of...
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Transferring LLC Membership Interests Part 2

Part 2: Voluntary Transfers

In this 3-part blog series, we’re discussing a variety of aspects to consider when transferring membership interests in an LLC. Check out our overview blog on this topic before reading on about voluntary transfers. An LLC affords its members a certain amount of personal asset protection. Part of this...
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