Business Organization Articles

What are the Pros and Cons of a Sole Proprietorship?

A sole proprietorship is the simplest form of business entity. It requires no formal organization papers or formalities for conducting the business. Essentially, the individual functions as a business and is liable for all of the debts and liabilities incurred. A sole …

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What Is a Partnership and When Is It a Good Idea?

A partnership is simply a joint venture of two or more individuals conducting a business together for profit. Like the sole proprietorship, the partners are liable for the debts and liabilities of the business individually. Again, no formal organization is …

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Limited Partnership: A Guide

A limited partnership (LTD) is a hybrid of a corporation and a partnership. The general partners manage the business on a day-to-day basis and are personally liable for the debts and liabilities of the partnership. However, the limited partners do not participate …

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Why a Corporation May Be the Right Choice For Your Business

Corporations can be involved and diverse. Nevertheless, there are some things all corporations have in common. For instance, at its core a corporation is an entity separate from any of the parties forming it. It is formed by filing Articles …

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Limited Liability Company: Who Is It For?

A hybrid of partnerships and corporations, an LLC provides limited liability for all of its “members.” This is true even as management of the company may remain the same as a general or limited partnership. Its structure is flexible, allowing for a wide variety of …

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Employment Law: An Overview

Recruiting and Hiring ProceduresFor many employers the primary objective in the recruiting and hiring process is to generate a pool of qualified candidates from which the employer can then identify and hire the most qualified applicant. While most employers realize …

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