The landscape of data privacy laws in the United States is changing rapidly, with several new state statutes coming into effect in 2023. These laws will have a significant impact on small businesses and nonprofits, requiring them to update their privacy policies and procedures. In this blog post, we’ll discuss the key provisions of these…
Incorporating your business can offer many advantages that may not be available to sole proprietorships and partnerships. These advantages include personal asset protection, increased credibility with customers and suppliers, and potential tax benefits. In addition, incorporating can also help you attract investors and obtain business financing. It is important to do your homework before taking…
In business, a partnership is an arrangement in which two or more people agree to share profit and losses. There are several types of partnerships, including general partnerships, limited partnerships, and limited liability partnerships. Each type of partnership has its own advantages and disadvantages. So, which type of partnership is right for your business? Here are…
Deciding from a list of business structures isn’t the most ideal first step in business, but it is a necessary one. This decision can have significant financial and tax implications for your business, so it’s important to choose wisely. The most common types of business entities are sole proprietorships, partnerships, limited liability companies (LLCs), and…
More and more, CEOs are turning to Fractional General Counsel for help with strategic business decisions. Utilizing, a business lawyer in this manner is often overlooked. After all, CEOs have plenty of other advisors, from financial experts to marketing gurus. And, it is also true that many business lawyers understand the law, but they do…