A corporation is a legal entity independent of its members. It holds authority and can incur liability on its own. read more

Learn what a personal service corporation is, its tax rules, formation requirements, and how to avoid double taxation risks for shareholder-employees. read more

What is a series LLC in Alabama is a group of individual limited liability companies owned by an entity that is also a limited liability company. read more

Identifying the type of business entity to form is one of the first and most important decisions to make when establishing a business. read more

General partnerships are the most common type due to simplicity and shared control. Learn how they compare to LPs and LLPs. read more

Understand the legal requirements for opening a retail store, including licenses, permits, zoning, and compliance tips for a successful launch. read more

Learn when a sole proprietorship ends. Illness or death may close this form of ownership. Explore causes, steps, and legal options for dissolution. read more

Almost every business operation requires money and making prudent financial management a vital aspect of running an enterprise. read more

Why is it necessary to update the business plan? Updating your business plan is essential to keep all your information up to date. read more

Are handwritten contracts legal? Learn if they hold up in court, key enforceability factors, and best practices to ensure validity and legal protection. read more