A few years ago, Marty and his partners opened a business: The Choccolocco Metal Fencing Company. They chose to form as a limited liability company or LLC. Now, as their business has grown, they wonder if another business entity would better suit their needs. They...
Starting a business is exciting, but there are so many decisions to make. One choice affects every other aspect of the business: choosing which of Alabama’s business entities is right for you. Sole Proprietorship One of the easiest types of business to start, a sole...
Pete J. had always wanted to start his own business. He finally decided to take the plunge this year. After working for other companies for year, Pete knew that he would have to follow certain laws and regulations to get his business up and running. The first thing he...
Darrell K. owned a company that manufactured products for outdoor hobbies. As his business grew, he expanded his product line. In the coming year, he plans to hire a marketing director, a new business manager, and several scientists to research and test new product...
There are different types of business entities, each with their own disadvantages and advantages. A limited liability company might be the best structure for some companies, while others benefit more from a partnership. The same holds true for incorporation your...
