Bruce Ely, James Long Jr. Although every LLC, limited partnership or other pass-through entity doing business in Alabama, and even those simply organized under Alabama law, are subject to an annual ...

From early-stage startups to seasoned enterprises, businesses eventually form at least one legal entity to carry out their operations. Down the road, as opportunities arise for a business to expand, ...

LLCs offer protection, flexibility, and tax benefits, providing various taxation options while protecting members from personal liability. Discover the pros and cons.

From a legal perspective, business owners have several options for organizing and operating their business. Selecting the best option usually depends on three concerns — allocating management of the ...

Lisa has left her job as a graphic designer at a recognized firm to start her own business. She enjoys the work she does but not the environment of that established firm. Deciding she'd rather be her ...

There are true and palpable advantages to conducting a commercial enterprise as a corporation, limited liability company or other similar “protective” structure. First, though, what exactly does ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

Last week, I told you that trying to collect a debt owed to you by an insolvent limited liability entity from the owners of the entity was problematic — a steep legal hill to climb. That’s because the ...

A limited liability company is a relatively new business structure in the U.S., created under state statutes mostly during the 1980s and 1990s. But the Internal Revenue Service did not create a new ...

With the number of registered investment advisory firms at an all-time high, more financial advisors face a decision about what business entity to file as at the state and federal levels. The type of ...