Business Law

Business owner considering bankruptcy

Chapter 7 vs. Chapter 11 vs. Chapter 13 Bankruptcy: What’s the Difference?

Like a good book, there are many chapters in bankruptcy. In fact, there are five chapters relevant to individuals and businesses: Chapter 7, Chapter 11, Chapter 12, Chapter 13, and Chapter 15. For individuals and businesses, Chapters 7, 11, and 13 are the most common and relevant bankruptcies. Chapter 12 bankruptcy is specific to family …

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Business Entity Basics

When starting a business, the choice of entity is an important decision that impacts various things, including, the way that the company operates, management authority, and ownership structure. Similarly, existing companies may consider changing their corporate form based on changing needs. The IRS recognizes five business entities for tax purposes: Sole Proprietorship Partnership Corporation S …

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Start-up Costs: Covering the Basics

As defined by Merriam-Webster, “start-up” is the act or instance of setting in operation or motion. Although most individuals associate start-ups with technology companies, it’s important to understand that start-ups are simply newly-founded companies — those recently set into motion or operation. For example, Carnegie Steel (predecessor to U.S. Steel) was a start-up when Andrew …

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Person holding the trademark symbol

Trademark Basics

When founding a business, a customers’ ability to identify the business and its products or services is paramount. Thus, businesses often wish to protect what it is that makes their brand recognizable. Trademarks help ensure that other businesses don’t operate under names or with brands that are substantially similar to yours and are likely to …

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