What is a Fiduciary Duty in the Context of Business Law?

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?

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When is an S-Corp Appropriate For Your Business?

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?

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I became an attorney because I want to make a difference in peoples’ lives by helping them when they experience a problem or require my professional expertise to maximize their claim or position in an employment or business matter.

-Andrew Ross Sack

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