WHY A SOLE PROPRIETORSHIP MIGHT BE A SHREWD BUSINESS MOVE If you are starting a new online business, and are wondering whether you can just operate as a sole proprietorship – today’s video will help you understand why a sole proprietorship business has numerous benefits, especially for an online venture that is just starting out.
An LLC or “Limited Liability Company” is a type of legal entity that can be used to provide you with legal protection in the event your business gets sued. An S-Corporation is a tax election that can be used to tell the IRS that you want to be taxed a certain way. An S-Corporation is
This is one of the most common questions that lawyers get when talking to entrepreneurs. “Should I Incorporate My Business?” For many bricks and mortar businesses, the answer is an undeniable and resounding “yes”. Before an entrepreneur starts signing leases and opening bank accounts, they want to make sure that all of their legal paperwork
If you have started an online business (or are thinking about starting an online business), then chances are that you have also looked into how to create a single member LLC. What is a single member LLC? A “single member LLC”, is simply an LLC where you are the one and only owner (or member)
I was recently asked to put together a legal resource for an online community I am a part of. They asked me to answer some of the frequently asked questions from people that are starting an online business. Here is the edited version of that resource with additional links to articles and helpful resources for
One of the biggest struggles we face as lawyers, especially in a transactional/consulting-type practice like I have, is making clients understand why they even need a lawyer in the first place. I mean honestly, do you need a lawyer for your online business? We are in this new world of DIY legal, Rocket Lawyer, Legal
Yesterday I launched the first video in a 4-part legal training course for online entrepreneurs. So far, the response has been amazing and, to be honest, humbling. If you haven’t already signed up for the course (it’s free), just click here to get access to the first video. Here are just a few of the comments
I have to tell you, I am so fortunate to be a lawyer in today’s world. Things are so much different now than they were even 20 or 30 years ago. I look at older lawyers and their mindset and the way they practice law and I have to chuckle. They do is in a
Here at Hawthorn Law, we live for helping online entrepreneurs and small business owners. But in order to help you best, we need to know what your biggest problems and challenges are. Can you please take a minute and tell us what your #1 legal challenge is? Perhaps you don’t know what you don’t know –
