8 Steps to Forming a New Mexico LLC
So you've done all your research, you've spoken with your attorney, and you know that an LLC is the right entity for your new business. You've decided you want to form the LLC on your own to save...
View ArticleChoosing the Best Structure for Your Business
by Rebecca Berlin There are four basic types of business entities: sole-proprietorships, partnerships, corporations, and limited liability companies, each with its own advantages and disadvantages....
View ArticleWhat is a Sole-Proprietorship?
by Rebecca BerlinA sole-proprietorship is a business that is owned by one person or by a husband and wife. Unless the business is formed as a corporation or a limited liability company, it will be a...
View ArticleChoosing Between a Corporation and a LLC
by Anne Lane What is a Limited Liability Company (LLC) and is it a better form for your business than a corporation? LLCs generally have all the benefits of a corporation when it comes to limiting the...
View ArticleAlternative Forms of Incorporation
by Anne Lane Not every corporation is a C-Corporation, S-Corporation, or LLC. If certain professionals want to operate as a corporation, they must incorporate as a Professional Corporation. Other...
View ArticleThe Difference Between a Partnership and a Limited Partnership
by Chris HinsonA partnership (also referred to as a general partnership) is a business arrangement where two or more people (who are not husband and wife) are owners of a business. Unlike a...
View ArticleThe Pros & Cons of S-Corporation Status
by Celeste MarchandIf the number of shareholders in your corporation is small, you may think that becoming an S-Corporation is the right move, but you should weigh the advantages and disadvantages...
View ArticleLLCs compared to sole proprietorships and partnerships
LLCs compared to sole proprietorships and partnerships The following section outlines the advantages and disadvantages of an LLC as compared to a sole proprietorship and partnership.Advantages:Owners...
View ArticleCorporations Compared to Sole Proprietorships and Partnerships
Corporations enjoy many advantages over partnerships and sole proprietorships. But there are also disadvantages. We cover the most important ones below. Advantages:Stockholders are not liable for...
View ArticleLimited Liability Partnership Business
A limited liability partnership business (LLP) is a very common type of business structure. It consists of partners who run the business, only some of all therein have limited liability.Advantages of...
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View ArticlePersonal Liability and Your Business Entity Choice
Although there are many things to consider when choosing what type of legal entity is best for your business, most people end up making the choice based on one legal issue: the personal liability of...
View ArticleNew Articles from Nolo
Here are some of the most recent articles published by our team of attorney editors and freelance experts.
View ArticleContractor
1) A person or entity that enters into a contract. 2) A person or entity that agrees to construct a building or to provide or install specialized portions of a construction project. The party...
View ArticleThe Pros and Cons of Starting a Franchise
Starting a business as part of a franchise is a complicated process with its own set of legal considerations. These include understanding both the potential benefits, and -- more importantly -- the...
View ArticleStarting a Child Care Business
Starting a daycare or child care business involves a particular set of legal considerations. These include choosing the proper business entity, obtaining licenses and permits, dealing with health and...
View ArticleHow to Start a Clothing Line
Opening a clothing store has its own set of legal considerations. These include choosing the proper business entity, naming the business, leasing space, getting adequate insurance, reviewing...
View ArticleStarting a Child Care Business in California
Starting a child care business in California involves a particular set of legal considerations that are specific both to the type of business and to the State of California. These include choosing the...
View ArticleStarting an Online Business
Starting an Internet-based business involves a particular set of legal considerations. These include choosing the proper business entity, naming your business in a way that avoids trademark issues,...
View ArticleStarting a Restaurant Business in California
Starting a restaurant in California has its own set of legal considerations that are specific both to the restaurant industry and to the State of California. These include choosing the proper business...
View ArticleStarting a Cleaning Business
Starting a cleaning business for offices or homes has its own set of legal considerations. These include choosing the proper business entity, obtaining any required licenses or permits, dealing with...
View ArticleStarting a Cleaning Business in California
Starting a cleaning business for offices or homes in the State of California has its own set of legal considerations. These include choosing the proper business entity, obtaining any required licenses...
View ArticleStarting a Cleaning Business in New York
Starting a cleaning business for offices or homes in the State of New York has its own set of legal considerations. These include choosing the proper business entity, obtaining any required licenses or...
View ArticleStarting a Restaurant Business in New York
Starting a restaurant in New York has its own set of legal considerations that are specific both to the restaurant industry and to New York State. These include choosing the proper business entity,...
View ArticleStarting a Child Care Business in New York
Starting a day care or child care business in New York involves a particular set of legal considerations that are specific both to the type of business and to New York State. These include choosing the...
View ArticleStarting a Cleaning Business in Texas
Starting a cleaning business for offices or homes in the State of Texas has its own set of legal considerations. These include choosing the proper business entity, obtaining any required licenses or...
View ArticleStarting a Catering Business
Starting a catering business has its own set of legal considerations. These include choosing the proper business entity, obtaining licenses and permits, dealing with health and safety, creating policy...
View ArticleArizona LLC Name Requirements
One of the most important steps in the organization of an Arizona LLC is choosing a name that complies with: (a) Arizona's LLC Act, (b) other Arizona laws, and (c) Federal Trademark and Service Mark...
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