Business & Nonprofit Law

Small Business Law governs how people conduct business in the government and private sectors. It covers the formation of a new business such as a sole proprietorship, partnership, corporation, limited liability company and a franchise. It also covers nonprofit organizations which are business entities that have special purposes to benefit others and not intended to be for the profit of investors. Frequently referred to as IRS 501(c)(3) companies, nonprofits (such as charitable or educational foundations) are afforded special tax treatment.

Choosing the appropriate legal entity is one of the most important decisions an entrepreneur can make. The limitations of liability and tax benefits vary between corporate entities and state laws. Incorporating a new business can be complicated and may require the creation and filing of a set of corporate bylaws, articles of incorporation and articles of organization. Corporate law covers shares, dividends, shareholders, officers, board of directors, mergers and acquisitions, franchise law, securities and antitrust regulations. Having a knowledgeable business lawyer on hand at the beginning of a venture can be extremely beneficial for individuals and startup companies.

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Michael Wechsler
4 min read
Views
5,086
What is a Registered Agent? A registered agent is a person or entity authorized to receive legal and official business documents on behalf of a corporation or business enterprise (the “principal”). Documents may include a copy of a summons and complaint for lawsuit that has been filed, a DMCA...
Michael Wechsler
Updated
4 min read
Views
4,726
Prior to filing and incorporating a nonprofit organization, it is important to review the Internal Revenue Service (IRS) requirements to ensure qualification for tax-exempt status under Internal Revenue Code (IRC) 501(c). Not doing so could result in a significant waste of time and money and...
Michael Wechsler
Updated
3 min read
Views
4,307
It is of critical importance to choose a strong Board of Directors for a new corporation. This article will explain the functions of the board and provide best practices on the selection process. This is the third article in the "How to Create a Nonprofit Organization / Corporation" and fourth...
Michael Wechsler
3 min read
Views
4,229
In this article we will cover the information you need to create and incorporate a for-profit corporation, including C-Corporations, S-Corporations, Limited Liability Companies (LLC) and more. The steps to create a for-profit corporation are listed at the end of this article. Incorporation...
Michael Wechsler
Updated
4 min read
Views
3,950
This article provides best practices on how to select a good company name when creating a new corporation. It is the third article in the "How to Create a Nonprofit Organization / Corporation" and fourth in the "How to Incorporate a Business (For-Profit)" series. Every for-profit corporation...
Michael Wechsler
Updated
4 min read
Views
3,007
What is a corporation and why do people choose to file them instead of a partnership or a simple sole proprietorship? This article will give you a basic primer on corporations and understand what they are, why they are desirable and what is required to incorporate your business. What is a...
Michael Wechsler
4 min read
Views
2,965
When an individual person owns and operates a business alone, that business is called a “Sole Proprietorship.” It is the easiest form of business to set up and, by far, the least costly and with virtually no legal formalities. Using Fictitious Business Names or Trade Names A sole proprietorship...
Michael Wechsler
4 min read
Views
2,314
A corporation is a body or group of people who come together to form a legal business entity. Once formed, a corporation is an entity of its own, set apart from the group of people that own it, manage it and control it. Corporations can be referred to as a legal “person or entity” that can be...
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