limited liability company Archives

Avoiding Personal Risk From Your Business

by Brooks, Tarulis & Tibble | Jun 15, 2022 | Business Briefs, Business Law, Taxes

Operating your business as a limited liability entity generally protects your personal assets from claims of business creditors, but the informal operation of small to mid-sized and family-owned businesses can sometimes weaken that protection when things go bad,...

Guaranties, Non-Recourse Debt and Limited Liability

by Brooks, Tarulis & Tibble | Oct 12, 2021 | Business, Business Briefs, Business Law, Contracts

Whether it’s a corporation, company, limited liability entity, limited partnership, partnership or business trust, business owners are encouraged to form and use some type of business entity to limit their personal liability exposure, creating a firewall to prevent...

Business Liquidation

by Brooks, Tarulis & Tibble | May 13, 2021 | Bankruptcy, Business, Business Briefs

Once a business owner decides to liquidate his or her business for financial or other reasons, there are choices to be made as to the method of liquidation, including supervised liquidations: bankruptcy (Chapter 7), an assignment for the benefit of creditors (ABC) or...

Corporation or Limited Liability Company, Which is Best

by Douglas Tibble | Oct 14, 2018 | Business, Business Law, The Law

The benefits of operating your business as an authorized limited liability entity are numerous, and different for each entity. Selecting the particular entity for your business should be part of your initial planning and discussed with your legal and accounting...

Corporation vs. Limited Liability Entity

by Douglas Tibble | Aug 1, 2011 | Business Law

Generally a business can be operated personally (sole proprietorship or partnership) or through an authorized legal entity (corporation, limited liability company, etc.). In the former, you and your partners’ assets are exposed to any business liability. In the...

limited liability company

Avoiding Personal Risk From Your Business

Guaranties, Non-Recourse Debt and Limited Liability

Business Liquidation

Corporation or Limited Liability Company, Which is Best

Corporation vs. Limited Liability Entity

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