Legal Insights for Small Businesses and Nonprofits
Five Important Provisions to Include in Nonprofit Bylaws
Bylaws are the backbone of any nonprofit organization. They serve as a guide for the governance and operation of the organization, laying out fundamental roles and responsibilities. Here are five important provisions your nonprofit bylaws should include.
The Top 5 Mistakes Businesses Make Without Legal Counsel
Many businesses make the mistake of waiting until a problem arises to seek legal help. This reactive approach can lead to costly consequences. Here are the top five mistakes businesses make without legal counsel.
Service Providers: Employees or Independent Contractors?
When your business uses a service provider, like a bookkeeper or consultant, you need to determine whether to classify them as an independent contractor or employee. While classifying a service provider as an independent contractor has many advantages, the costs of misclassification can be high.
Five Essential Provisions to Include in an LLC Operating Agreement
Forming a Limited Liability Company (LLC) is a popular choice for many entrepreneurs thanks to its flexibility. In order to keep your LLC running smoothly, it is important to have a comprehensive operating agreement. An LLC operating agreement governs the relationship between the company and its owners, known as members. Here are five essential provisions you should include in your LLC operating agreement.
How to Choose the Right Legal Structure for Your Business
So, you’re starting a new business. You’ve picked out a name and designed a logo. Now it’s time to pick the right legal structure for your business, a crucial decision that will affect how your business operates, how it’s taxed, and the level of your personal liability. Here are your options.