You know the rules. Two business entities enter. One business entity leaves. In one corner: Professional Limited Liability Companies (PLLCs). In the other: Professional Corporations. Two esoteric entities, both vying for the specialty service business title of Supremo Overlord of all Professional Business Entities. Who will win? Who will emerge victorious in this Onslaught of
If your LLC is growing, you probably need to expand your management. This is one of the trickiest growing periods where a lot of businesses fail, sometimes because an underling with power made a fatal mistake. A manager needs enough authority to efficiently and effectively manage the LLC, but you need to strike that balance
Investing in multi-unit real estate is a popular – and often highly profitable – line of business to enter into. Real estate has the potential to net huge profits and provide stable, steady long-term income. Not to mention that speculating on real estate has the added bonus of (in theory) turning a buck without having
We talked at brief earlier this week about the intricacies of “a corporation with a conscience:” the Benefit Corporation. Which are all well and good if you are setting out to have a company that actively works to make the world a better place. But what if you want a company that honestly just
Choosing the right type of entity for your business is important for your future success. The decision is critical in terms of tax consequences, the authority given to individuals associated with the company, and potential liability for each person involved with the business. So it’s not a situation to be taken lightly! But just because
