When a business opportunity is ready to get off the ground, it is important to make sure that it forms properly. Not only does the type of business formation you use affect the way the business runs, different types of businesses have different protections available and tax advantages or disadvantages that come with them. Many business owners choose to form a limited liability corporation, or LLC, because of the tax advantages and protections they offer when properly established.
It is common for parents to disagree strongly about where a child should be or what they should do. When parents are married, courts generally don't get involved in these disagreements unless a particular course of action poses a threat to the safety of the child. However, when parents are divorced and must abide by a custody order, the court is much more likely to get involved.
For many entrepreneurs, the thought of starting a business in Louisville is fun and exciting. Many of them do not realize how important it is to plan carefully and have a sound business plan in place. If you are the owner of a recent startup or intend to open a small business, you must plan for the possibility of bankruptcy.
When a business partnership reaches the end of the road, it is not always easy to know how to part ways fairly with finality. Sometimes, this is because partnerships are very simple to establish legally and in some cases do not even require a written partnership agreement of any kind to exist. In other cases, partners may have disagreements about how to resolve outstanding accounts or fairly divide the partnership's leftover assets.
Once you and your spouse get married, the law takes your legal relationship very seriously, especially when it comes to property. In the absence of a prenuptial agreement, most property that either of you owns becomes marital property, which you now both own as a married couple. While you may both still buy vehicles or homes individually to take advantage of one spouse's income or credit rating, the law does not recognize this distinction as clearly as a lender might.