Tutorials

SB Informer Tutorials section is the most fascinating SB Informer Resource base. In addition to articles and tutorials, there are forums and tools, providing you the opportunity to give your reviews and opinion.

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Form an LLC or a Statutory Close Corporation April 13, 2006 The management structure and operating rules for the limited liability company (LLC) and statutory close ...

Separate and Document Ownership of Assets April 13, 2006 As we've discussed elsewhere, an owner can fund the business entity as an owner and as a creditor with debt such as leases and loans when using operating and ...

Co-Mingling April 13, 2006 Co-mingling of assets involves the owner using business resources for personal purposes, or the business using the owner's personal resources for business purposes. Co-mingling is also a primary ...

Mixed-Use Assets April 13, 2006 In some instances, the small business owner will personally own mixed-use assets, used for both personal and business purposes. Good examples are a home where the owner has a home-based business, a ...

Emphasize Proper Recordkeeping April 13, 2006 To avoid court application of the alter ego theory, it is important to separate and document ownership of assets.

Hold Regularly Scheduled Meetings April 13, 2006 A failure to hold required meetings or execute written waivers has been used to pierce the veil of limited liability in numerous cases through application of ...

Separate the Financial Affairs for Each Entity April 13, 2006 In order to avoid application of the alter ego theory, not only must an owner separate personal and business affairs, but also separate activities among ...