The type of business organization that an entrepreneur forms will impact everything from tax obligations to growth opportunities in the future. Different business models require different structures, and choosing the right entity is a critical aspect of the business...
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Business Planning
Business Contracts: Negotiating Terms and Conditions
As a law firm that does a lot of legal work for business owners of various sizes, we end up handling collection matters in which the business renders services to a customer and for which the latter does not pay. The business owner/client comes to our office to seek...
What is a Letter of Intent?
Letters of Intent are pre-contractual documents establishing basic terms which the parties intend to incorporate into a definitive agreement; in other words, they are “agreements to agree.” They are used in many major business transactions, including the purchase or...
OWM Blog – Stock v. Asset Sale When Buying or Selling a Business
When buying or selling a business, buyers and sellers have a choice: the transaction can be structured as either a purchase and sale of assets, or a purchase and sale of stock. Where the transaction is structured as a stock purchase, transfer of the ownership of the...
What is an LLC?
A limited liability company (LLC) is a legal entity formed to operate a business. It provides many of the advantages of a traditional corporation, but it is easier to form and maintain. There are fewer formal meetings and documentation than with a standard...
OWM Blog – Consider Limiting Liability in Conducting Your Business
Many of OWM Law’s business clients choose to conduct their business in an unincorporated, sole proprietorship form. While this approach may offer the conveniences of little expense or formality typically associated with conducting business through a limited liability...