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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...

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Choosing 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....

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What 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...

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Choosing 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...

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Alternative 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...

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The 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...

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The 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...

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LLCs 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...

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Corporations 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...

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Limited 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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Recent Articles

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Personal 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...

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New Articles from Nolo

Here are some of the most recent articles published by our team of attorney editors and freelance experts.

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Contractor

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...

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The 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...

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Starting 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...

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How 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...

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Starting 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...

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Starting 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,...

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Starting 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...

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Starting 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...

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Starting 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...

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Starting 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...

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Starting 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,...

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Starting 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...

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Starting 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...

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Starting 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...

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Arizona 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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