What is a Limited Liability Company? A Limited Liability Company (“LLC”) is an entity which is taxed like a partnership but affords its owners, known…
What is a Limited Liability Partnership? A Limited Liability Partnership (“LLP”) is a partnership in which the partners are not personally liable for the debts…
What is a Partnership? A partnership is a business entity formed by two or more people who operate a business for profit as co-owners. For…
What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act of 2002, also known as “SOA” or “SOX” is a congressional act with established a series of…
In certain situations, shareholders may find it advantageous to enter into agreements with other shareholders regarding how the company should be run or who will…