In today’s world, wherever you turn you may run into a tax – income tax, property tax, sales tax, gas tax…… and the list goes on. A question that needs to be answered for our personal injury clients is whether Uncle Sam wants his cut! Like many “law answers” — it depends.
After I concluded my clerkship with Chief Justice Hasting of the Nebraska Supreme Court I moved to San Diego to begin working for a law firm. Within a month or two the executive director of Harmonium, Inc. (a non-profit company dedicated to helping at-risk children and adolescents) asked me to be on their board of […]
The term used for an owner of an LLC is “member” and an LLC can have a single member or many members. The difference between the two is fairly obvious, but can be worth addressing. Generally a single member LLC will be managed by that single member, though it is entirely possible that the single member could chose to have a manager run the LLC instead. The single owner LLC generally operates much like a sole proprietorship with the owner exerting full control over the business.