In a time of crisis, your company needs to be able to rely on its business continuity plan (BCP). Whether it's a hurricane that knocks out power for weeks or a data breach that threatens your customer information, having a well-thought-out BCP in place can be the...
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Business Law
Options for funding a new business
On Behalf of The McMillan Law Firm, APC | Sep 17, 2022 | Business Law
Starting a new business requires some level of funding, which is often something that holds potential entrepreneurs back. It’s wise to investigate your options in advance so that you can figure out what will work best for you. You may also want to consider your...
Choosing a business structure: Benefits of a C Corp
On Behalf of The McMillan Law Firm, APC | Sep 6, 2022 | Business Law
As a business owner, you must consider what’s best for you and your business. Sometimes, creating a financial and legal separation between you and your business is the best option. If you are considering this, creating a C Corp may be right for you. Before moving...
Potential issues that can ruin a partnership
On Behalf of The McMillan Law Firm, APC | Aug 31, 2022 | Business Law
You and your best friend have always talked about going into business together. Now, you’re both ready to turn the dream into reality. You’ve decided to form a partnership, and the two of you plan to share equally in the responsibilities of running your business. A...
Do you have a feasible business idea?
On Behalf of The McMillan Law Firm, APC | Aug 10, 2022 | Business Law
You’ve been a hard-working and loyal employee over the years, but you’ve always had ambitions of starting your own business. Recently, you’ve had an idea and you think it ticks all the right boxes. There is no risk-free way to start your own company, but there are...
How much business interruption insurance does a business need?
On Behalf of The McMillan Law Firm, APC | Jun 24, 2022 | Business Law
Business interruption insurance is very important coverage that people often forget to purchase when starting a company. You expect to run your company every day to generate income, but there could be circumstances outside of your control that force you to cease...
What legal structure should you choose for your business?
On Behalf of The McMillan Law Firm, APC | May 30, 2022 | Business Law
One of the first decisions you have to make when you start a business is what structure you’re going to use to establish your company. For start-ups, the three most common choices are a limited liability company, partnership, or sole proprietorship. There are a few...
Is an LLC the right structure for your business?
On Behalf of The McMillan Law Firm, APC | Apr 6, 2022 | Business Law
Deciding to start a business is an exciting and complex adventure. As you strategize your business plan, one key factor to consider is how to structure your business. The formation type you select will impact everything from your tax liability to how you run your...
Tips for finding the right business partner
On Behalf of The McMillan Law Firm, APC | Jan 11, 2022 | Business Law
If you're forming a business and you're not going to be a sole proprietor, where you just create the company on your own, you may decide to work with a business partner. The two of you have to set this up together as co-owners. Not only do you need to know what legal...
How should you set up your business?
On Behalf of The McMillan Law Firm, APC | Dec 1, 2021 | Business Law
Choosing a business entity is not like walking into a wine shop, grabbing a bottle you like the label of, paying the appropriate amount and walking out with it. It is much more complex, and the more you understand, the better choice you can make, as is true for wine....