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Microsoft v. Google – Kai-Fu Lee's Non-Compete Agreement

Unless you've been on vacation all summer, the brawl between Google and Microsoft should be old news. New developments, however, have occurred with publication of the non-compete agreement signed by...

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Corporate Records – Shareholder Inspections

You're conducting business as a corporation and various shareholders have kicked in investment money. Can shareholder inspections of corporate records occur? Emotional Attachment With small businesses,...

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Converting from a C Corp to an S Corp

As you may know, there are two types of corporations for tax and legal purposes. The "C" corporation is a more formal structure than the "S" corporation and taxed differently. Converting from a C Corp...

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Pros and Cons of Being a Limited Liability Company

Limited liability companies are the popular new choice for business start-ups. The "LLC" has only been in existence for roughly 26 years and there are some definite pros and cons. A limited liability...

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When a Corporation or LLC Does Not Provide Liability Protection

Most people form and use business entities for one primary purpose - to protect themselves from personal liability for the debts of the business. This protection, however, can be lost. A corporation or...

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Piercing the Corporate Veil – Factors Considered

Most shareholders believe a corporation protects them from personal liability. This is generally true unless alter ego is successfully asserted. Alter ego is an equitable claim that a corporation...

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Issues with Capitalizing Your New Corporation

Once you register a corporation in your state, you must go ahead and capitalize it. This raises a host of questions regarding the best way to do it and potential risks of getting it wrong. First things...

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Single Member LLC - Piercing the Corporate Veil Issues

The single member LLC is one of the more popular choices for small businesses. It is often touted as the perfect business entity, but there are definitely some areas of concern that a person forming...

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LLC – Should You Really Skip Keeping Corporate Minutes?

The LLC is the little business entity that could. Unfortunately, many services market it as the cure-all to every problem a small business has. LLCs are solid business entities, but they are not...

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Going Beyond General Partnerships

A general partnership is a default structure that is automatically created when two or more parties go into business together unless they designate some other form of business. In this article, we look...

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Website – He Who Pays For It May Not Own It

Why do you need a lawyer when dealing with legal issues? For one simple reason – the law often makes no logical sense. A perfect example of this is the issue that comes up when you pay someone else to...

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Copyrighting For Web Projects

The world of intellectual property known as copyright and the world wide web have always been two areas that didn’t mesh well. The first brawl was, of course, in the posting and downloading of music...

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