Checking in on S-Corps

After a long hiatus from this blog, I decided it was time to revisit S-Corps. If you are unfamiliar with S-Corps, go check out Collin’s first and second posts on S-Corps, which provide helpful context. With the foundation laid for the basics of S-Corps,  we can turn to the main focus of this post: electing … Read more

Getting Off on the Right Foot: Steps to Take After Forming Your Company

Creating your Corporation or LLC is the first step towards the success of your new enterprise. But, as every entrepreneur already knows, creating the corporation (i.e. “mailing it in”), is only the first step. Here are a few additional items you should think about after your Articles of Incorporation have been filed with the WDFI. … Read more

There is Only One Pizza – But the Number Of Slices is Up to You

This is the first post in a series about dilution.  Before we start down that path though, lets start with some simple background information. The key to understanding dilution comes with three simple words: Authorized, Issued, and Outstanding (shares). Authorized Shares means the total (read, total ever) shares a Corporation can create or “cut itself into.”  If … Read more

Chinks In the Wall

I often get asked, “Now that I am an LLC or corporation, I am completely, 100% protected from personal liability, right?”  Well, um, how do I put this delicately?  Uh, no.  No, you are not.  “Wait, what!?”  It is because the company isn’t an impenetrable shield.  It is more like a really high wall that … Read more