by ff | Aug 12, 2026 | Entity Structuring
When two already-existing businesses team up on a project — a developer and a contractor splitting a build, two consultancies co-selling a bundled service — the question isn’t just how to split the work. It’s whether the arrangement itself...
by ff | Aug 12, 2026 | Entity Structuring
Serving on a nonprofit’s board isn’t an honorary title. Board members are legal fiduciaries with personal responsibility for how the organization is run, and that responsibility breaks down into three specific duties that courts and state attorneys general...
by ff | Aug 12, 2026 | Entity Structuring
Converting an LLC into a corporation is usually tax-free under Section 351. Going the other direction — corporation back to LLC — is not the mirror image, and treating it that way is one of the more expensive assumptions a business owner can make. The...
by ff | Aug 12, 2026 | Entity Structuring
“Benefit corporation” and “B Corp” get used interchangeably constantly, but they’re two entirely separate things – one is a state-law legal entity structure, the other is a private certification – and a business can hold...
by ff | Aug 12, 2026 | Entity Structuring
A handful of states let a small corporation with few owners elect “statutory close corporation” status, trading some of the standard corporate governance machinery – a board of directors, formal shareholder meetings – for a structure that runs...
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