Whether or not you are liable for business debts accrued depends on the structure of the business. Sole proprietorships, partnerships, corporations, and LLCs all handle the problem in different ways. Sole Proprietorship You are a sole proprietor if you are the only owner and have not incorporated or set up a separate business entity. In…

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One of the most important decisions you’ll face when you start your own business is how to organize it. There are benefits and challenges involved in each type of business model, and here we’ll look in-depth into one of the most popular solutions: incorporation. It may help you understand what a corporation is if you…

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California has the highest population in the United States and houses a thriving business community. As a result, many companies have decided to incorporate their businesses in California, from the largest American companies such as Apple to the smallest family-run establishments. The major reason business owners decide to incorporate is to protect their personal assets.…

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If you own a small business and are experiencing financial distress, there are several bankruptcy options available to you. Although some require the company to be dissolved, others allow you to restructure and eliminate your debts while keeping your business afloat. Chapter 7 bankruptcy is an option for debtors that cannot afford to restructure and continue their…

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Hathaway Law Firm Welcomes New Partner – Daniel Higson Hathaway Law (Ventura, California) The Ventura County law firm of Hathaway, Perrett, Webster, Powers, Chrisman & Gutierrez is pleased to welcome a new partner, attorney Dan Higson, who brings a specialty in bankruptcy law to the firm. Higson has practiced law in Ventura County for the…

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