When a potential client comes in to form a company, one of the first questions we have to ask is whether that client wants a nonprofit or a for profit company. Almost always, that entrepreneur is already sold on one or the other, but it is every good attorney’s job to ensure they’re sold on…

The terms “nonprofit” and “charity” are frequently used interchangeably. In today’s common society, we’re constantly led to believe they are the same thing; however, there are very important differences that have implications on your wallet. Even though they’re different, they may still both have a charitable purpose or significant impact on the community. A nonprofit…

A common misconception about business is that paying someone in cash under the table is a great way to save money. This is, however, risky and costly to your business. In this article, we’ll illustrate why. Let’s say you’re an LLC with pass through taxation. Let’s also say you’re the sole owner of the company…

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