Nickolas C Ekonomides, PA

12/02/2023

A limited liability company (LLC) is a type of U.S. business structure. Created by one or more business owners, or “members,” an LLC allows people to separate their personal assets from their company — which gives them flexibility when it comes to taxes and some liability protection from debt and lawsuits.

Learn everything you need to know with Money's expert guide.

11/25/2023

A buy-sell agreement is, in its barest definition, a contract between business owners to provide for ownership succession. It is a foundational tool that helps ensure the business can keep thriving as the organization and its owners grow and change.

While it may seem like a far-off reality, legacy planning for the business you've worked hard to build is an essential ingredient in running a successful business for the long haul. Here are some of the key questions to consider when creating your buy-sell agreement.

11/18/2023

Fines and lawsuits can arise if applicable laws are not followed carefully by business owners. Legal counsel can help businesses meet industry regulatory requirements, understand tax law and filing requirements, and advise on labor law concerns.

Learn some surprising laws and regulations that apply to small businesses, with tips to keep your company compliant.

11/11/2023

Doing the paperwork itself isn't the hard part, it's making the decisions surrounding incorporation that can be tricky. Getting legal advice on these issues can help ensure you don't make a costly mistake that could come back to haunt you.

Incorporating your business has many benefits. But should you hire an attorney to get the process started? Here's what you need to know.

11/04/2023

An important aspect of starting a business are the legal requirements that enable you to operate under the law.

Knowing how to start a small business involves the key steps of market research, setting up a business plan, understanding the legal requirements, exploring funding options, crafting a marketing strategy, and managing your business.

10/21/2023

Business owners sometimes try to keep overhead low by declaring workers to be independent contractors. But a worker so classified may be legally considered an employee based on such factors as the method of payment used and the degree of control exercised over their conduct. That could make the company liable to withhold taxes and to pay benefits, insurance and other employee costs.

10/13/2023

Selling a business is a complex venture involving many different considerations. You may want to consider enlisting the help of an attorney as you proceed.

Selling your small business is often a complex venture. These seven considerations can help you build a solid plan for profit and lead to success.

10/06/2023

Confidentiality agreements are incredibly broad legal tools available to almost any entity with privately held information. Due to their potential complexity, it’s always advisable to consult with an experienced attorney when questions arise.

A confidentiality agreement is a contract between two or more parties regulating the treatment of specified private information. While these agreements can exist in a variety of contexts, they are particularly relevant in the world of businesses and nonprofit organizations, where they prove essentia

09/30/2023

There are certain criteria to weigh in selecting the right business structure, and keep in mind that the structure you start with may not be the one you have several years from now as your business evolves.

When you are evaluating which structure to choose, it is important to think through these three factors.

09/23/2023

An operating agreement is drafted to allow owners to govern the internal operations of a limited liability company according to their own rules and specifications. While writing an operating agreement is not a mandatory requirement for most states, it is nonetheless considered a crucial document that should be included when setting up an LLC.

An LLC operating agreement is a document that customizes the terms of a limited liability company according to the specific needs of its owners.

09/15/2023

As you assemble your advisory team to help you sell your business, consider enlisting the help of a business attorney to review and create agreements.

If you want the maximum price you need to make these moves before you do anything else.

09/08/2023

Agreements and contracts are the foundation of any business arrangement, each one protecting both parties if something goes wrong. While the difference between an agreement and a contract may seem slight, each one has its distinct advantages.

Many business owners are opting for informal agreements vs contracts. Here's the legal difference and how to know which is best for you. | SUCCESS