Our Latest Blog Posts

• Why a Series LLC May be Right for You
  

  Most business owners understand the concept and importance of isolating assets or ventures that may expose them to personal liability. As a result, business owners have historically had to pay to create separate Limited Liability Companies (“LLCs”) for each property, asset, or business venture. Various states have tried to resolve the problem of having multiple entities and the administrative cost it creates by enacting statutes to create “Series LLC” laws. When structured properly and respected, a Series LLC gives its members limited personal liability from claims that arise from within the entity and charging order protection from claims arising outside of the entity, just like a normal LLC. What makes a Series LLC different is its ability to provide for the establishment of designated “series” or “mini-LLCs” within the original LLC (“Parent LLC”).  Each series of the Parent LLC can have its own specified property, assets, investment objective, or ... Read more
• When to Use a Benefit Corp
  

  By Mark J. Kohler, CPA, Attorney   These new types of corporations have been around for twelve years and are now recognized in twelve states throughout the country. The first state in the Union to pass this new legislation was Maryland in April 2010, and as of January 2019, Arizona, California, Colorado, Delaware, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, Nevada, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington D.C. have all passed laws recognizing Benefit Corporations.   Recently I have had more and more clients asking about these types of companies and if they are a good choice for them in their business. I am still somewhat skeptical and caution clients to not get caught up in the hype.   The main purpose of this type of company is to provide a sort of ‘public awareness’ that your company is different and better than ... Read more