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There is much literature praising the benefits of LLCs as a new business form for the small to medium-size business owner. LLCs are indeed an advantageous business model because, unlike corporations, profits and losses can pass directly through to the owner’s personal income tax return while the owner’s personal assets are shielded from liability. But this protection is not unlimited, and if the owners of an LLC do not take adequate precautions, they can find themselves facing a potential lawsuit without the benefit of having their personal assets protected from a judgment against the LLC.

Did you know… …that, in Ireland, the most common Director firstname is John and surname is Murphy? Or that the most common Director star sign is Cancer and the most common Director postcode is Dublin 4? So if you’re name is John Murphy, you live in Dublin 4 and have a birthday sometime between 22nd […]

This is from the IRS website: Q. A non resident alien who doesn’t meet the 183 day test is a partner in a US partnership where the US partnership deals with rentals; must he file an FBAR? A. With the October 2008 revision to the FBAR form and instructions, FBARs are now required by nonresidents […]

This year, The Wharton School (perennial competitor to my alma maters, Columbia Business School and London Business School) has again generated some interesting ideas in its annual Business Plan Competition: Article This year, hi-tech ideas have yielded ground compared to This year’s competition had 168 entries, showing the huge involvement of the student body of […]