Looking Closely at What Lawyers Really Do?

Looking Closely at What Lawyers Really Do?

  A potential client recently told me that he was going to use a non-lawyer service instead of me because the other service was more in line with his budget.  This is a common statement made to lawyers who work in business formation, trademarks, and contracts. The non-lawyer services industry has done a fantastic job […]

What’s the Difference Between an S Corporation and a C Corporation?

What’s the Difference Between an S Corporation and a C Corporation?

To understand the difference between an S Corporation and a C Corporation, let’s first discuss how corporations are formed.  All corporations are formed under state law.  When one files her articles of incorporation with the state, she does not mark a box for S Corporation or C Corporation. The “S” and “C” are tax designations.  […]

What Solo Entrepreneurs Ought To Know About Incorporating

What Solo Entrepreneurs Ought To Know About Incorporating

Anytime someone approaches me about business formation and the business has multiple owners, I always advise that they should form a business entity.  The question of which entity to form is far more complicated, but that they should form one is a no-brainer. If multiple people are operating a business, they are considered a general […]

Reasons to Incorporate: From a Lawyer’s Perspective

Reasons to Incorporate: From a Lawyer’s Perspective

Most people think that increasing their tax efficiency is the reason to discuss business formation with a professional.  Although tax considerations are important, from a lawyer’s perspective, several other reasons to incorporate exist and should be at the forefront of any new business owner’s mind.  Protecting  your personal assets, understanding your contributions to the business […]

Can I incorporate my business myself?

Can I incorporate my business myself?

I am often asked by new business owners whether they can “just form the business entity themselves.”  It is a common question because new business owners operate on tight budgets and want to save money wherever they can. The two alternatives for using a lawyer are non-lawyer filing services (the ones that’ll do it for […]

Do I Need to Register My Business Federally?

Do I Need to Register My Business Federally?

There is a common misconception that when setting up a business entity one should “register her business federally” first.  Before we get into the nitty gritty of that, let’s discuss terminology. There is no such thing as “registering your business federally.”  When people use this phrase, they are often referring to the process of applying […]

Your Burning Question About Corporate Directors & Officers

Your Burning Question About Corporate Directors & Officers

You’ve finally taken the leap and decided to turn your idea into an official business.  It’s just you or you and one other person.  You’ve decided to form a corporation rather than an LLC or other entity.  (I hope you discussed this with an attorney)  In any event, you’re filling out the paperwork yourself. You […]

Should A Solo Entrepreneur Form A Business Entity?

Should A Solo Entrepreneur Form A Business Entity?

Anytime someone approaches me about business formation and the business has multiple owners, I always advise that they should form a business entity.  The question of which entity to form is far more complicated, but that they should form one is a no-brainer. If multiple people are operating a business, they are considered a general partnership […]

Can A Virtual Office Be Used As A Registered Agent?

Posted by on Jan 26, 2015 in Starting a Business | No Comments
Can A Virtual Office Be Used As A Registered Agent?

Many business owners nowadays work from home and use a virtual office to receive mail and conduct in-person meetings.  Because some states (such as Illinois where I practice) make information regarding the business owner public, some people may not want to list their home address as their registered agent address.  So, can a virtual office […]

What Your Esthetician Can Teach You About Business Planning

Posted by on Oct 29, 2014 in Starting a Business | No Comments
What Your Esthetician Can Teach You About Business Planning

Showing up to your lawyer’s office without a business plan is like not doing a trim before going in for a bikini wax.  You can still get the wax, but it will be harder for everyone involved. I always try to stress the importance of business planning, in part, because there is no substitute for […]