Business Formation

By: Barry E. Haimo, Esq. February 19, 2018 Annual Reports and Meeting Minutes   You formed a business to separate your personal assets from your business creditors right? It's called limited liability, and it's the most common reason we find people organize their business with a business entity such...

By: Barry E. Haimo, Esq. February 19, 2018 Failure to Respect Corporate Formalities and Piercing the Corporate Veil   When it comes forming your business, you have options: disregarded sole proprietorship, general partnership, limited partnerships, limited liability partnerships, limited liability limited partnerships, corporations and limited liability companies (LLCs) (partnership,...

            By: Barry E. Haimo, Esq. December 8, 2017   Your 20 Question Business Planning Stress Test   If you watch the television show, the Profit, and are a fan of Marcus Lemonis, then you know that "people, process, product" are the keys to creating a successful business. In addition to...

        By: Barry E. Haimo, Esq. November 17, 2017   New Partnership Audit Rules: Amend Your Partnership Agreements Now   The audit rules relating to partnerships undergo an important change starting January 1, 2018. It does not apply to all partnerships. However, for the partnerships that it does affect, it affects...

By: Barry E. Haimo, Esq. March 23, 2017 Why Choose a C-corporation Versus an S-corporation? While it’s great that you decided to incorporate your business, there are a few different types of corporate structures from which to choose. Below, please find some pros and cons of c-corporations versus...

By: Barry E. Haimo, Esq. March 9, 2017 Why Are a Corporation’s Governing Documents Important? Part 1 - Bylaws When you begin to set up a corporation – or any new business for that matter – you need to have a vision in place for where the business...

By: Barry E. Haimo, Esq. February 23, 2017 What Are the Different Types of Joint Ventures? If you are still trying to determine what type of partnership you want to form, look at the goals you are trying to achieve. This is where creating a joint venture may...

[caption id="attachment_5720" align="alignnone" width="300"] This multinational telecommunications company is an example of a joint venture.[/caption] By: Barry E. Haimo, Esq. February 9, 2017 Who Are the Parties in a Joint Venture? A joint venture is a unique type of business partnership that allows you to work together with another...

By: Barry E. Haimo, Esq. January 26, 2017 Why Form a General Partnership? Once you’ve developed the idea to start a business, you have some defining choices and decisions ahead of you. Let’s start with the framework of your business. With multiple owners, you can choose to incorporate...