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If you have been running a business for some time, you may not have thought much about how exactly your business is organized. However, for many companies, reorganization can potentially offer a number of legal and financial benefits. But what exactly is a business reorganization, and why might you want to consider one for your company?
Continue reading “Knowing When to Consider a Business Reorganization”
If you are involved in running a business, especially certain types of businesses like corporations, you may have heard the term “fiduciary duty.” This is a core concept that can have major consequences for anyone involved in running a business at a high level. But what exactly is a fiduciary duty in the context of business law, and what happens when someone breaches it?
Continue reading “What is a Fiduciary Duty in the Context of Business Law?”
While there are many ways to potentially organize your business, one often-overlooked option that can work for many companies is the so-called “S-Corp.” Depending on your circumstances, it can be a great way to minimize your legal liability and save on taxes, while still benefiting from the protections that a corporation provides. But what exactly is an S-Corp, and how do you know if it might be appropriate for your business?
Continue reading “When is an S-Corp Appropriate For Your Business?”
