Davis W. Puryear

Forming an LLC, is it really worth the cost?

You have decided to take a leap of faith and start your own business. After many late nights and lengthy discussions you have developed a sound business plan that is sure to succeed. Maybe you have even spoken to your accountant who suggested that you form a limited liability company (LLC), but is it really worth the cost? The short answer, YES!

Every new business owner will receive unsolicited advice, some good and some bad. One common tip for the up and coming entrepreneur is to form an LLC, but why?

I Have an Appointment with a Lawyer. Now What?

Seeking a lawyer’s help can come at a stressful time in your life.  You may be starting a new business and you need help setting up an LLC, or you may have just been sued and you do not know what to do.  Not only do you have the stress added by your legal issue, you now have an appointment for an initial consultation with a local attorney, but you have no idea of what to expect.  Meeting with an attorney may be a new and foreign experience and it is the goal of this article to give you some insight on what will happen in your initial consultation. 

Operating Agreements: Do I Really Need One?

You have a million dollar idea, a new business partner, and you have just filed your articles of organization to form your new LLC.  Since your LLC is now an official legal entity, your only concern is how to get your new business up and running.  You and your business partner work extremely well together and will iron out the internal details of the LLC when you have more time.  After all, you are not exactly sure what role each of you will take, so you are playing it by ear until you start making money.  

Are All Deeds the Same?

Purchasing property is a stepping stone that prompts a sense of accomplishment and promise for the future. It should be an exciting time, but it can also be stressful and confusing. When the long anticipated day for your closing finally arrives, an attorney will prepare and begin to explain a number of different documents. One of these documents will be the deed. Although all of the documents you will review and sign are important, without the deed, ownership will not be transferred from the seller to you, the buyer.

Guard Your Tax Refund

Tax refund time is that one special time during the year, after suffering through the arduous task of paying taxes, where we as tax payers get to reverse the roles and have Uncle Sam send us money for a change.  A refund gives a great feeling of liberation and relief when you observe that extra boost of income in your account.  A refund check has become anticipated income that many expect to have available, and without which, many people could not pay unexpected expenses or begin the process of catching up on bills and car payments.