December, 2010
Beware of the Zombies
One of the most profitable sub-industries in the credit card industry is what is known as “Zombie” debt collection. Zombie debt is old and uncollected debt purchased for pennies on the dollar and then collect on debt for which they couldn’t otherwise sue. The Fair Debt Collection Practices Act provides only a minimal deterrent to [...]
Limited Liability Companies For Small Business Continuity and Succession Planning Part II
Here is part II of our look at LLC’s and their use in business continuity and succession planning. III. Non-Tax Benefits of Forming an LLC. There a number of non-tax benefits that stem from formation of an LLC. Chief among these non-tax benefits are the following: . LLC members are shielded from personal liability. This [...]
The Top Ten Questions I Hear About Business Entities–Part II.
Here is Part II of my answers to top ten questions I get asked by a clients or a colleagues. 6. I understand that if I organize my business as an LLC, I will not be able to provide my employees with options or some other form of equity participation. Is that correct? No. LLCs [...]
Limited Liability Companies For Small Business Continuity and Succession Planning Part I
Limited Liability Companies present unique opportunities not available in partnerships and corporations for business continuity and succession planning here are some of the key advantages and distinctions.
The Top Ten Questions I Hear About Business Entities Part I.
As I have practiced over the years, I have heard some of the same questions over and over again from both colleagues and clients relating to business entities; that is, how do they differ and why when to use one type of entity over another. Here are some answers to top ten questions I get [...]