This week, the Federal Trade Comission announced a new ruling banning noncompete agreements between employers and employees. In today’s blog, we look at the ruling and what it might mean for your business.
Successor Corporations
A successor corporation is a new business that arises out of a prior existing one. It is important to keep in mind that taking over another business can leave the new business open to liabilities. It may be in your best interests to work with a business lawyer if you wish to create a successor corporation.
The Series LLC: Is a Series LLC right for your business?
The series limited liability company ("LLC") is a relatively new way to organize business ownership. The series LLC has all of the benefits of a traditional LLC, such as flexibility and limited liability, with some added benefits that may appeal to your business such as the potential for a reduction in administrative costs and the further isolation of liabilities.