Having made the decision to incorporate, a business owner is then faced with the next decision:  should the business form be a traditional corporation or a limited liability company?   These forms each offer the owners limited liability in most circumstances, so does it really matter which form is chosen?  As there are pluses and minuses…

The short answer, is yes. Clients frequently come to me, after they are in the midst of a business dispute, and it turns out that they are operating their business without having incorporated.  As a result, all of the obligations that have been incurred in the course of their business are theirs personally.   In the…

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