How to Transfer LLC Ownership in Illinois: Tips and Best Practices
What is the process of transferring LLC ownership in Illinois? Transferring LLC ownership in Illinois can be a complex process, but it can be done smoothly with proper planning and execution. There are various reasons why you might want to transfer LLC ownership, such as a change in ownership, a sale of ownership, or a […]
How to Buy an LLC: Tips for Entrepreneurs
What type of business entity is an LLC? An LLC, or a limited liability company, is a type of business entity that provides both the benefits of a corporation and a partnership. It offers the protection of personal assets that a corporation provides, while also being taxed like a partnership, with the profits and losses […]
What Company Structure Is Right For My Cannabis Startup
Finding the Right Company Structure for a Cannabis Startup Many business owners find themselves asking, ‘what company is right for my cannabis startup’ when getting into the licensed marijuana industry. After helping form lots of cannabis companies, the conclusion that the limited liability company (LLC) organization structure is almost always the right choice is an easy […]
How to start an LLC in Illinois?
Establishing an LLC can feel complicated if you are new to the process and do not know all the steps. LLCs in Illinois are governed by the Limited Liability Company Act. We’ve done the research and put together this simple guide to forming an LLC in Illinois. What is a Limited Liability Company? An LLC, […]
Business Formation Lawyers
Are you looking for business formation services to set up a business partnership? Liability protection, income tax, and ventures that need a partnership agreement are key motivators for a new business. A business partnership is a relatively easy entity to set up, but it does have its drawbacks. One primary drawback to setting up your […]
Boston Business Lawyer | Corporate law firm in Massachusetts
When it comes to legal matters related to your business, it’s important to work with an experienced professional who knows the ins and outs of business law. In Massachusetts, corporate law attorneys can help you with a variety of legal issues, from contract negotiation and revision to entity selection. If you’re looking for legal advice […]
How to Build Cash Flow Statement for Your Cannabis Business
Need Help to understand your “Cash Flow Statement”? Then this is the right place for you! The hasty growth and dynamic nature of the cannabis industry have culminated in barbarian and hyper-inflated business valuations, making it immensely tough for companies to derive in on a fair valuation as they follow to amass in the up-and-coming […]
When Is An LLC Needed
We want to help you out on your business journey and explain to you when a corporate liability shield, like an LLC or corporation is needed or not. As small business owners it can be extremely valuable to find guidance in what you should be doing for your business and when. We are going […]