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Blog Posts in October, 2016

What effect did the holding in Obergefell v. Hodges have on same-sex marriage estate planning opportunities?

It was clear that the Supreme Court would soon get involved as numerous states created legislation requiring same-sex marriages to be recognized as legal rights. On June 26, 2015, in Obergefell v. ...
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Is there any difference between the S and C corporations for liability protection?

None whatsoever. They both provide the same limited liability to its stockholders. Many people think that because the S corporation is taxed as a proprietorship or partnership, it has the unlimited ...
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Which are the most popular entities for small business owners?

Before the advent of the LLC; the corporation was the only practical entity for the small business owner. The choice was then between the S corporation and the C corporation. Now the LLC is the third ...
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But what about the smaller enterprise - for example, the home-based business; does it also need to incorporate?

Positively. The fallacy is that the small business – usually a home-based service business – is too small to worry much about liability issues. What their owners don’t realize is ...
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What is the first defensive step to take when you go into business?

Choose the right form of business entity. You need an entity that will limit your personal exposure. Usually the corporation or limited liability company (LLC) will best protect your personal assets ...
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