By 1996 all 50 states and the District of Columbia had enacted limited liability company (LLC) statutes. However, Delaware was the only state to enact legislation permitting the use of the Series LLC. To date, there still remains only a few states that have adopted Series LLC statutes. Since this is a relatively new form of business ownership, it is not widely adopted throughout the United States. The absence of widespread adoption coupled with the novelty of Series LLCs mean

The internet and mobile applications have completely revolutionized the way companies do business. In turn, a new and increasingly popular business model has emerged – the gig economy, also known as, the on-demand economy. This business model allows business owners the opportunity to avoid all of the red-tape that comes with hiring employees. Instead, the business owners rely on independent contractors as the primary service provider. By utilizing this model, companies are a

(Not intended for a legal audience) Congratulations! You’re about to embark upon the journey of entrepreneurship. You’re excited, but you don’t know which entity structure to select for your business. Your decision on business structure can have an immediate and significant impact on your business as well as a lasting impact on your ability to raise capital. The legal structure that you select will determine everything from how you pay taxes, the amount of paperwork involved,