This area of law deals with the Uniform Commercial Code, a set of laws covering contracts, fraud, leases, and secure transactions. Business lawyers often specialize in applying these laws to ensure companies comply with the law and advise them on best practices. Immigration Law Businesses that ha...
whether large or small. To simplify, note thatlawyers are found in several contexts. Several lawyers have their own private practice while others work in sectors such as the government, social policy agencies, or another type of business. Learn how lawyers work in various...
Tax law is an increasingly complicated and rapidly changing field. Thus, tax lawyers are often hired by individuals as well as corporate entities to better local, state, and federal tax laws and analyze how they might affect them financially. Tax lawyers act in the best interest of their clien...
Alimited liability company, or LLC, is a mix of corporate, sole proprietorship, and partnership legal business structures. It provides liability protection to safeguard your personal possessions from business debts. LLCs can have one or more members, like a partnership. But some states require th...
Lawyers who routinely go to court on behalf of clients arelitigators, and many specialize in areas such as personal injury, corporate, tax, etc. The general term “civil litigator” refers to an attorney who represents clients in civil (not criminal) court, either as plaintiff or defendant. ...
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LLPs are not permitted in all states. Often, they are limited to certain professions such as lawyers, doctors, and accountants. Limited Liability Company (LLC) An LLC allows you to take advantage of both partnership and corporation business structures. It’s a good option if you have a ...
This level of asset protection is why LLPs (or a state-specific equivalent) are a standard business structure for professional businesses, such as accountants, lawyers, doctors, and architects. If one business partner is sued for malpractice, for example, the assets of other partners are not at...
In a limited liability partnership, the liability of each partner is limited, so that if one partner accrues debt or runs into legal issues themselves, the other partners are not automatically liable. This form of partnership is commonly used among professionals working together, such as lawyers ...
the operations of the business. However, partners in LLPs are not personally responsible for the actions of other partners or the debts of the business. Unfortunately, not all businesses can be LLPs. This type of business is often restricted to certain professions, such as lawyers oraccountants...