business formation

Q.:  Can you use “LLC” with your DBA names? A.: No. Here’s the fuller story. You form an LLC for your social media consulting company:  Best Brains LLC.  Six months later, you start to offer blog copywriting services as a specific line of business, which you call Best Blogs.  That sparks an educational/coaching teleclass (or webinar–take […]

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Post image for Basic Training: Yearning to Start a Business, But in Which Legal Form?

Q: I am starting an online retail store. I thought about filing my status as a sole proprietor.  Eventually I will change my status to an LLC when I have a physical store. Should I go ahead and file as a sole proprietor or should I just file as an LLC now? A: Particularly for […]

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Post image for Jumpstarting Your Online Business (Tax-Wise, Anyway)

Q: I will be starting an online gift basket business in a couple of months and have a couple of questions: Although I will be operating a sole proprietorship business (and I was told that an EIN number is not required for sole proprietorship businesses), I do not want to use my Social Security number. […]

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Post image for When to Change Your Business Structure

Now is a great time to reevaluate whether the business entity you’ve chosen for your company still meets your needs. What may have worked at the beginning may now leave you exposed. You may have outgrown your business entity, much like a seedling can outgrow the pot you planted it in. Or — like some […]

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Post image for Basic Training: The Quest for the Right Business Form

Today’s Basic Training query comes from a solopreneur who is stymied by needing to take the next step in forming a business entity.  It certainly can get confusing.  There are legal considerations, tax considerations, and cost considerations, just to name a few. Plus, there’s the pressure to make the perfect choice before your business has […]

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Post image for The Importance of Regular Checkups

You may roll your eyes and picture your grandmother waggling her finger in your face saying, “An ounce of prevention is worth a pound of cure, young lady,” but she was right. How simple would it have been to floss regularly, instead of having to go through the time and expense of filling a cavity? My husband […]

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Post image for Basic Training:  Bringing ‘Bling’ to Your Business Formation?

So you start your business from home. Makes sense, so you can keep costs down. But then you realize that your home address–nay, your home state–lacks a certain cache. What to do? Q: I currently have a business in Michigan. I am looking into e-commerce; however, my product is a fashion item. Unfortunately, the state […]

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Post image for Why Business Formation is a Key to Your Success

I was recently contacted by an entrepreneur (“Marie”) for a “rush job”: She had formed an S-Corporation about a year ago, and now a couple of investors were waiting in the wings to take an equity piece of her company. She needed the deal signed, sealed and delivered within two weeks. Now I won’t say that’s […]

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Answer: When her “children” go barefoot. Welcome to the “new and improved” AskTheBusinessLawyer.com website! This revamped site houses my library of small business legal articles and information products and my business law practice, the newly-inaugurated Kaufman Law PLLC.  What possessed me to make changes to a site that was still regularly getting compliments? Traffic. Contrary […]

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At some point in their business planning, most entrepreneurs wonder: “How can I protect myself if things go awry?” Even if they have few personal assets, they may want to avoid the possibility of seeing their name in the caption of a lawsuit, for how can you concentrate on business with that looming over your […]

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