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Articles Posted in Small Businesses

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Is it legal for a business to use unpaid interns?

  [Note: The Department of Labor guidance discussed in this article, Fact Sheet #71, has been superseded.  See the discussion of the revised policy here.] With summer vacation approaching, and with the job market being what it is, small business owners may be approached by college or high school students…

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Just what IS a limited liability company? Part 7. It’s a bundle of tax choices.

[This is the last of a seven-part series of posts discussing the characteristics of limited liability companies and comparing them to the characteristics of corporations, general partnerships, and sole proprietorships. Here’s the entire list. Part 1. Background on sole proprietorships. Part 2. Background on partnerships. Part 3. Background on corporations.…

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Just what IS a limited liability company? Part 6. It offers choices of management structure.

[This is the sixth post in a seven-part series discussing the characteristics of limited liability companies and comparing them to the characteristics of corporations, general partnerships, and sole proprietorships. Here’s the entire list. Part 1. Background on sole proprietorships. Part 2. Background on partnerships. Part 3. Background on corporations. Part…

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Why should a single-member LLC have an operating agreement?

Under current Indiana law, you can easily start up a limited liability company (LLC) with a credit card and an internet connection. After making a quick trip to the Indiana Secretary of State’s website, submitting articles of organization, and paying a fee you could have your very own LLC in…

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Just what IS a limited liability company? Part 5. It has a liability shield.

[This is the fifth post in a seven-part series discussing the characteristics of limited liability companies and comparing them to the characteristics of corporations, general partnerships, and sole proprietorships. Here’s the entire list. Part 1. Background on sole proprietorships. Part 2. Background on partnerships. Part 3. Background on corporations. Part…

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Just what IS a limited liability company? Part 3. It’s not a corporation.

[This is the third post in a seven-part series discussing the characteristics of limited liability companies and comparing them to the characteristics of corporations, general partnerships, and sole proprietorships. Here’s the entire list. Part 1. Background on sole proprietorships. Part 2. Background on partnerships. Part 3. Background on corporations. Part…

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Indiana Employers Should be Aware of Recent Supreme Court Decision

Most employers know (or should know) to be very careful about taking adverse action against an employee who has filed a claim of employment discrimination. The need for vigilance is even more important following last week’s decision of the United States Supreme Court , holding that Title VII of the…

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Just what IS a limited liability company? Part 2. It’s not a partnership.

[This is the second post in a seven-part series discussing the characteristics of limited liability companies and comparing them to the characteristics of corporations, general partnerships, and sole proprietorships. Here’s the entire list. Part 1. Background on sole proprietorships. Part 2. Background on partnerships. Part 3. Background on corporations. Part…

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Just what IS a limited liability company? Part 1. It’s not a sole proprietorship.

[This begins a seven-part series of posts discussing the characteristics of limited liability companies and comparing them to the characteristics of corporations, general partnerships, and sole proprietorships. Here’s the entire list. Part 1. Background on sole proprietorships. Part 2. Background on partnerships. Part 3. Background on corporations. Part 4. LLCs…

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