One of the primary driving forces of American economic prosperity is entrepreneurship–the ability and willingness of individuals to organize and manage new business ventures, in the face of inherent risks, in order to create new opportunities to create wealth and profit. In beginning the process of starting a new business, there are many legal, financial, […]
In order to understand and choose the type of business entity for your company, I often find it helpful to understand the history of corporations, partnerships, and LLCs (in addition to other business entities). In other words, in order to best understand where we are (i.e., the choices in entities), it helps to understand how […]