An LLC can be sued for its contracts, debts, and wrongful conduct, but its owners usually have limited personal liability. The right defendant, court, and collection strategy depend on the facts and your state's rules. read more

Breach of contract is usually civil, not criminal—but can you go to jail for it? Learn exceptions, penalties, and legal remedies in this in-depth guide. read more

Learn whether you can apply for an EIN before incorporating, when it’s appropriate, and why forming your entity first helps avoid IRS errors. read more

Can a law firm be a corporation? Learn your options, including PCs, PLLCs, and S Corps, plus legal limits on ownership and ethical compliance. read more

An out-of-state bank account may be available, but approval depends on the bank's service area, verification rules, and your documents. LLC owners must also separate banking requirements from state business-registration obligations. read more

A nonprofit may use the CEO title, but the title alone does not determine authority. Understand how CEOs, executive directors, founders, presidents, and board chairs fit into a nonprofit's structure. read more

An LLC cannot be a nonprofit, but a nonprofit can own an LLC as a subsidiary. Learn the legal requirements, benefits, and risks of this structure. read more

A minor may perform legitimate independent work, but a contract or Form 1099 does not determine legal status. Employers must separately evaluate worker classification, child labor restrictions, state law, and the minor's ability to enter a binding agreement. read more

A foreign person can own all or part of a U.S. LLC in most circumstances. Follow these practical steps to form the company, document ownership, address taxes, and prepare for banking. read more

Learn how to build a partner business plan that outlines goals, roles, KPIs, and dispute resolution strategies to help your partnership succeed. read more