Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
ASSET PROTECTION IS NOT JUST FOR THE RICH
There is a often a misperception that asset protection is only for rich. This is not the case. Every business owner should give consideration to asset protection. In fact, asset protection strategies are generally inexpensive compared to the potential liability.
The best time to consider asset protection…
How to Hire the Right Attorney for Your Business
There are four professionals that your business will likely need for start-up and beyond.
1) Attorney,
2) Accountant,
3) Insurance Agent, and
4) Banker.
Recently I read article which quoted fitness video guru Billy Blanks as saying he learned how it important it was to hire…
Articles of Incorporation or Organization Only Part of the Story
Now for the rest of the story . . .
Imagine a client that becomes embroiled in a disagreement with a 50/50 business partner. The two formed a LLC through a lawyer who was unfortunately not a business lawyer. The lawyer set up a limited…
Corporate Minutes Help Maintain Limited Liability Shield
Corporate minutes often seem unnecessary and mundane. Here’s an article that discusses the importance of minutes and good record keeping in order to maintain limited liability in your corporation or limited liability company.
Click on the Inc article to learn more.
Why Incorporate?
Here are three excellent reasons to incorporate:
1) Protect Your Assets
When you incorporate or form a limited liability company (LLC), you protect your assets including your money and home. As long as you follow the corporate formalities your company is legally separate from you as an individual so that any debts…
Basic Information Regarding Limited Liability Companies In Iowa Guest Blogger: Dennis Puckett of Sullivan & Ward, P.C. a West Des Moines business law firm.
The Limited Liability Company is a hybrid form of doing business that combines characteristics of the corporate structure and the partnership structure. It is a separate entity like a corporation and…
How to Preserve Corporate Status and Maintain Limited Liability: Follow simple steps to preserve your corporate status and maintain limited liability.
If you are careless about maintaining the separation between the corporation and yourself, you can jeopardize your freedom from personal liability or certain tax benefits – the main reasons to incorporate. It is rare…
Are you looking to incorporate your Iowa small business? My first word of advice is to speak with an accountant to determine which form of business best suits your tax situation. Your choices likely include the "S" corporation, "C" corporation or you could choose to form a limited liability company.
Some people are inclined to …