As a business person, you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have. Some business persons may need a power of attorney while others can get by without one. But which type of business would it benefit the most? Here, we’ll look at what types of power of attorney exist and what…
As an entrepreneur, you may be familiar with limited liability companies (LLCs). They allow you to protect your personal assets from potential legal liabilities in your business. Once you try to raise venture capital for your business, you may hear the term limited partnership (LP).
Limited partnerships are often used by private equity and venture capital…
Business partnerships are often compared to marriages, and with good reason.
When you enter one, you're signing up to mingle your finances. If the business is sued because of something your business partner does, you both have to answer. And if you're not careful, creditors and courts can reach into...