Category: Business & Corporate

By: Theodore Schneider, Esq. The primary advantages of operating as a corporation are liability protection and potential tax savings. Like any important decision, choosing whether to incorporate involves weighing the pros and cons of the various business structures and requires careful research. Once incorporated, the business becomes a separate legal entity, and assets of...

Goodwill is an asset that is an intangible part of a business being purchased. In spite of its intangibility, goodwill may be worth more than physical assets, such as buildings, machinery or inventory. Goodwill is the essence of the company's value to its customers, clients, and employees – its good name, if you...

By: Roy Schneider, Esq.

Why Should I Incorporate my Small Business?

Not every small business needs to form an LLC or a corporation in order to function. A child selling lemonade by the side of the road has no use for a Tax ID number,...

By Ted J. Schneider, Esq.

Have you ever watched the TV show Disaster DIY on HGTV?  The premise of the show is that many people, who have no idea what they are doing when it comes to home remodeling, try the “do it yourself” (DIY) approach anyway.  The host of the show...

By Roy Schneider, Esq.

The American Dream of starting your own business and pulling yourself up by your bootstraps is alive and well. In fact, it is the creation and growth of small businesses that is instrumental in helping America recover from the Great Recession. What many do not...

By Roy Schneider, Esq.

Business succession and exit strategy plans contemplate and instruct regarding any changes in future ownership and management of a business. Most business owners know they should think about succession planning and their exit strategy, but few actually end up doing so. It is hard to...

By Ted J. Schneider, Esq.

There are a number of reasons to dissolve a partnership.  Whether business is not going well, you can’t get along with your business associates or you are ready to retire, it might be time to end your partnership.  Before making the final decision, you...