By: Daniel A. Perry Time for the classic lawyer answer again! “It depends.” If you have a corporation, generally, the individual shareholders are not liable for the debts and liabilities for the corporation. For example, if your corporation was sued for $25,000.00, the other party could only collect from the assets of the corporation. The other […]
By: Daniel A. Perry “Lawyers are seldom loved but often needed.” This famous quote is as true today as the day it was uttered. I often receive calls from clients about their businesses being sued. Usually, it is regarding a contract dispute. Or a state regulatory agency has fined them for not being registered, not following […]
By: Daniel A. Perry A corporation is a separate business entity that conducts its own business, files its own taxes, and signs its own contract in its own name. Let’s look as John Doe as an example. If John owns John’s Plumbing Company Inc., his company should file taxes as John’s Plumbing Company Inc. rather than […]
By Daniel A. Perry, Esq.One of the passions that I have in addition to the law is helping new entrepreneurs with starting and succeeding in business. There is nothing greater, in my opinion, then being your own boss. However, in today’s legal landscape, choosing the correct legal entity can make all the difference in the […]