Internet Law and Business Blog

A partnership is created when two or more persons jointly own and operate a business. Although a written partnership agreement is often used, sometimes partnerships are created through conduct or by verbal agreement instead of with a contract between the partners.
When people refer to a partnership, they usually mean a general partnership. General partners [...]

A buy-sell agreement, also known as a buy-and-sell agreement, allows business owners to make arrangements by contract for surviving owners to buy out the interest of a co-owner who dies or decides to leave the company. Whether your business operates as a partnership, a corporation, or a limited liability company, a buy-sell agreement can help [...]

A corporation is a type of business entity that exists under law as a separate “person” from the shareholders who own it. Most corporations exist indefinitely. There are many reasons to operate a business as a corporation. Factors include tax savings, asset protection, the ability to raise funds by selling corporate shares, etc.
For tax purposes, [...]