Are you incorporated as a corporation, established as a limited liability company (LLC) and do you know the difference?
If you are not incorporated as a corporation or established as an LLC, do you know how liability works in a partnership?
Do you have bylaws, a membership agreement or an operating agreement?
Did you buy your corporate documents from a printing company with a nice leather-bound book but have not yet opened it?
Did you fill out any of the documents necessary to create corporate entity protection? In other words, is that nice leather-bound book simply collecting dust?
Do you call and conduct annual meetings?
Did you actually issue your stock certificates or membership certificates?
Do you pay your personal bills with your business account?
Who do you call when you have legal problems or any business-related questions?
Most businesses fail to secure corporate protection whey start up. In fact, it seems most small business owners I encounter file their articles of incorporation, obtain an employer identification number (EIN) from the IRS, open a bank account and they are off and running. But, without taking the time to secure the protections which are the whole point of incorporation or establishment as an LLC, the problems may be significant in the future.
Now Wholesale Adidas Originals Womens Shoes UK , I am not suggesting that legal liability is an everyday occurrence. It is usually only a once-in-a-business event. However, if your corporate structure is questioned, it can be catastrophic. To offer an analogy, most serious problems with a company are similar to a tornado or hurricane. When the corporate structure is attacked and you are personally exposed, it is what Billy Bob Thorton’s character in Armageddon called a 鈥済lobal killer.鈥?
If a customer, business partner Wholesale Adidas Originals Mens Shoes UK , or even a spouse in a divorce question whether the company is actually a recognized company or what lawyers call an 鈥渁lter ego鈥?of yourself, there can be serious consequences. The entire purpose of setting up a company is to protect you personally: your house, your car, your investments, your personal bank accounts, and so on and so on. If you do not set up your company correctly Wholesale Adidas Originals Shoes UK , all of your personal assets can be exposed to creditors.
When clients come to my office and ask for assistance in setting up their company, I quote them a price that may, depending on their business needs, have two or three zeros. In contrast, when clients come to me after a lawsuit has been filed鈥攁nd the other party is trying to show that the corporation was not set up correctly and now the client is in fear of personal exposure to creditors鈥擨 am forced to quote a possible retainer of three, four Wholesale Adidas Originals UK Sale , sometimes five zeros to defend the case.
In other words, an ounce of prevention is worth a lot of zeros.
I encourage all small business owners to review their business鈥檚 needs, as well as its corporate documents and contracts. In essence鈥攚ithout a properly set-up company鈥攜our accountant, networking groups, advertisements, goodwill Wholesale Adidas Originals UK , and even a perfect product or service cannot do the community any good when the business is distracted shelling out all those zeros to defend its owner鈥檚 personal assets.
Jeremy Simons Law firm specializes in Family Law throughout the state of Florida. We are trial attorney’s that will run through walls for our clients.
Small business law – Don’t paint a bullseye on your back!
Introduction of William W. Scranton
William Warren Scranton (born July 19, 1917) is a former U.S. Republican Party politician. William Scranton was born while the Scranton family was on vacation at a cottage in Madison, Connecticut. He was the son of Worthington Scranton, a wealthy Pennsylvania businessman, and Marion Margery Scranton, a member of the Republican National Committee for over two decades. Despite her own involvement in politics Cheap Adidas Shoes Free Shipping UK , his mother tried to dissuade him from entering politics, due to his childhood struggles with asthma, believing that the stress of campaigning would be detrimental to his frail health. Mrs. Scranton died just before her son’s election to Congress in 1960.
Horoscope of William W. Scranton
Problems That We Face During Moving and Shifting Home
Posted by anubhav2012 on October 11th, 2017
Relocation is a chaotic task that involves so many hectic tasks like packing, loading, transporting Cheap Adidas Shoes Online UK , unloading, unpacking and rearranging. All these are not only time-consuming process but expensive too as you will require packaging materials to pack the goods and vehicle to transport the goods. But while moving a shifting home there are many things that the person has to go through and faces many problems which makes the relocation process more stressful and difficult for the relocator. So, let's discuss about the problems that you may encounter with while moving and shifting:
Lack of Time
Relocation is a time-consuming process and running short of time is the most common problem that a person faces while relocating home. Packing the stuff and transportation requires lots of time and there are much more things to do in a sort period of time as a result a lot of things get forgotten or not done properly.
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