Whether you’re setting up a new company or you’ve been in business for years, you need to evaluate which legal structure is best for your enterprise. Be Reasonable Dividend distributions avoid payroll taxes so it’s generally advantageous to take as much income as possible in the form of dividends, rather than compensation. But the law
You’ve probably heard the old saying, “a verbal contract isn’t worth the paper it’s written on.” Yet many business owners and executives still enter into handshake deals. The Basic Elements of a Contract In order for a contract to be legally binding, it must have three elements: An offer, acceptance, and consideration. Here’s a simplified
As the film Florence Foster Jenkins, the true story of a rich heiress who dreamed of becoming an opera star, highlights: money really helps artists, good or bad, become stars. The more relevant question for today’s young musicians and artists revolves around: how does art, and those who produce it, actually make a living in the modern
If you own or manage a company, it is important to understand that the data maintained in your computer system is subject to discovery in a lawsuit or legal action. This article addresses some of the issues you should know about to help protect yourself and your company against future liability for not adequately maintaining
A shareholders agreement drafted for a privately held company details the rights and obligations of the shareholders. It not only provides guiding principles for running the business today, it lays out the ground rules of what to do if one of the shareholders dies, becomes disabled — or one party wants to dissolve the business.