Nolo’s Quick LLC

Nolo’s Quick LLC: All You Need to Know About Limited Liability Companies

by Anthony Mancuso

“The limited liability company (LLC) is a relatively new business ownership structure that combines the best features of the corporation and the partnership. It gives small business owners corporate-style protection from personal liability while retaining the pass-through income tax treatment enjoyed by sole proprietorships (the legal term for one-person businesses) and partnerships.” LLC owners are called members.

To determine if an LLC is the best fit for your business, the author explains the advantages and disadvantages of various business structures in comparison to LLCs, including sole proprietorship, general partnership, limited partnership, C corporation, S corporation, RLLP, Series LLP, L3C, and benefit corporations. Continue reading

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The 3rd Way

the-3rd-way

The 3rd Way: Building Inclusive Capitalism through Employee Ownership

by Upendra Chivukula and Veny W. Musum

The subject of The 3rd Way sounds intriguing: addressing income inequality by expanding incentives for Employee Stock Ownership Plans (ESOPs) and reforming the corporate tax code. While I think the authors have good intentions, their thesis is flawed. Continue reading