Business Law Blog

Business Entity Types

The determination of how to organize an entity is one of the most important decisions a business owner will make as they begin their endeavor.

So You Want to Start a Corporation

By Tom Loonan | Business Law

When discussing common business entity formation, a corporation is the most formal and the most complex entity to form and operate.

A…

Limited Liability Company 101

By Tom Loonan | Business Law

One of the most widely used business entity types is the limited liability company (LLC). This is often a preferred entity due to its flexible…

What is a Partnership Business Entity

By Tom Loonan | Business Law

If you are considering starting a business partnership, there are two different types of partnerships for business entity formations. The two…

What is a Sole Proprietorship?

By Tom Loonan | Business Law

The most basic form of a business entity is a sole proprietorship. There are no formalities associated with this formation and it is established…

Are You Ready to Pass on Your Business?

You have spent years creating a company. You have put in sweat, money, time and energy into building a legacy for your family and community. But now it’s time to hand over the reins. Are you ready? The Baby Boomer generation…

Business Entity Formation

By Tom Loonan | Business Organization

So, you have made the decision to start your business and begin down the exciting path of entrepreneurship. You’ve determined your…

Six Ways to Lay an Egg with Easy Loan Oversights

By Eric Sherburne | Banking & Finance

Small businesses and their lenders devote plenty of energy and resources to the loan application and negotiation process, but sometimes…

Practical Thoughts from a Creditor’s Attorney About Credit, Managing Risk and Dealing with Financial Distress

Financial difficulties are a fact of life and business, and can have a detrimental effect on those not adequately prepared. Since March is National Credit Education Month, the value of a solid understanding of good financial…

The Basic Legal Aspects of an Effective Business Plan

As we enter the final month of the year and excitement grows for the holiday season many people may not realize December also holds a special designation for business owners and aspiring entrepreneurs. It is National Write a Business Plan Month. And while the holidays often serve as a time for reflection on the year that was, developing a business plan forces business owners to…

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