BUSINESS LAW

Know your rights. If you receive supplies or bills for services you didn’t order, don’t pay, and don’t return the unordered merchandise. You may treat unordered merchandise as a gift. Could your organization be a victim of an office supply scam? If you don’t have adequate purchasing controls, probably so. Businesses, churches, and fraternal and […]

Yes. In fact, experts estimate that as many as 20 percent of new small business enterprises are operated out of the owner’s home. State and local chambers of commerce can provide pertinent information on how to manage a home-based business. See also… Starting a Business

Common stock represents the residual interest of the corporation, which means that common shareholders bear the risk of loss and enjoy the benefits of any profits. Holders of preferred stock have preferential rights, often having the right to vote while holders of other classes of stock do not. Holders of preferred stock may also have […]

All Corporations, Limited Partnerships, Limited Liability Partnerships, and Limited Liability Companies must maintain a Registered Agent and Registered Address within a state. The registered agent is the legal representative and contact for the business. The registered agent cannot be the business entity itself. The registered agent may be a person or another formal business association […]

There are several forms of business structures, which all have positive and negative characteristics: Sole Proprietor: This is the simplest to set up, especially if you can use your own personal name as part of your business name. Otherwise, a “DBA” or “Business Name Registration” will be required, to legally show you are operating a […]

Registered Agent acts as the representative for accepting Service of Process served upon the company within the jurisdiction of any state where the company conducts business. Service of Process is broadly construed to include any legal proceeding, legal notice, or official government communication presented to the company while it is within the jurisdiction of a […]