Search: Legal Guides written by Robert Scott Williams (7 found)

Written by Robert Scott Williams
The sole proprietorship is the simplest and easiest business entity to create and use to engage in business. However, its benefits are often outweighed by the unlimited personal liability for the owner. The individual owner of a sole proprietorship usually manages the day to day operations.
1 of 1 users found this helpful. Posted 6 months ago in Business. Jurisdiction: Federal

Written by Robert Scott Williams
The general partnership is the simplest business entity created by two or more business owners to engage in business. However, its benefits are often outweighed by the costs associated with the general partnership model. Typically, the partners manage the day to day business of the partnership.
Posted 6 months ago in Business. Jurisdiction: Federal

Written by Robert Scott Williams
A corporation is fairly easy to form, and results in the creation of a new entity separate from its owners. As a result, it offers the owners some personal liability protection from the corporation’s business activities. The corporate officers typically manage the day to day operations.
Posted 6 months ago in Business. Jurisdiction: Federal

Written by Robert Scott Williams
A limited liability company (“LLC”) is fairly easy to form, and results in the creation of a new entity separate from its owners. As a result, it offers the owners some personal liability protection from the LLC’s business activities. The members or a manager usually manage the business operations.
Posted 6 months ago in Business. Jurisdiction: Federal

Written by Robert Scott Williams
The limited partnership is a business entity created by two or more owners to engage in business. There must be at least one general partner and one limited partner. The general partner manages the partnership, and is generally liable for the debts of the partnership.
Posted 6 months ago in Business. Jurisdiction: Federal

Written by Robert Scott Williams
This seems to be a popular question, especially with older taxpayers. No matter what anyone tells you, it is always a good idea to file your federal income tax returns each year.
Posted 6 months ago in Tax. Jurisdiction: Federal

Written by Robert Scott Williams
This is more common that folks would think, but it is a very serious problem that requires immediate action. If this is you, I strongly urge you to take immediate action to get the situation resolved. It can be a crime to fail to file your tax returns, punishable with jail time.
Posted 6 months ago in Tax. Jurisdiction: Federal