Business

Legal Guides for Business

  1. Starting a Business: Limited Partnership

    Robert Scott Williams

    Formation. Limited partnerships are formed by two or more individual owners associating to carry on a business for profit, and filing a certificate of limited partnership and affidavit of capital... more

  2. Dealing with IRS Revenue Officers

    Justin Dain Hein

    If you have tax debt (known as back-tax liability), the IRS may assign your case to a Revenue Officer if one of the following applies: (1) the IRS has been unable to collect the taxes through the... more

  3. Starting a Business: General Partnership

    Robert Scott Williams

    Formation. General partnerships are formed by two or more individual owners associating to carry on a business for profit. There are generally no organizational documents, or other formalities... more

  4. Anatomy of an LLC Operating Agreement

    Kaiser Wahab

    Summary Continued. Secondly, under NY law, the Operating Agreements is one of the few statutorily imposed requirements that a LLC must observe (Section 417 of the NY LLC Act ). And while the NY LLC... more

  5. Important Clauses to Have in Any Loan Agreement

    Kaiser Wahab

    Interest. Many people do not realize that a no interest loan rarely can be granted. The reason is that the IRS looks as a loan with no interest as a "gift" and that may trigger gift tax upon the... more

  6. Keeping Records for the IRS

    Freya A Shoffner

    Choose A Reliable Record Keeping System. Any recordkeeping system that is suited to your business or your family that clearly shows your income and expenses will work. Of course, if you are in... more

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