August 19, 2003

How To Incorporate Yourself Without a Lawyer

You can save money in light of their own without a lawyer a few hundred dollars. How do I?

This is desirable into their own?

It is desirable to implement their own surgery? It is illegal and the implementation of someone else surgery, unless you are a license to practice medicine, but in the case of field survival, self-surgery, and perhaps may be your only choice. However, their operations are being implemented in most cases is really a good idea?

Similarly, because there may be incorporated into their own without a lawyer does not mean that it is always a good idea.

In some jurisdictions, only lawyers can be eclectic. Assistant for a lawyer or other person included in the illegal practice may be regarded as law firm. Therefore, it may be legitimate, into its own, rather than the other.

Some factors to consider is this: I have so short of cash, I can not take good legal advice, I can save thousands of dollars of money? I believe my situation is that really does not need a lawyer's services into? Money can save the cost of the law to make better use of my other aspects of finance?

Each person must make them right whether to seek the formation of a company's legal services decision.

"Who have their own lawyers had a client fool." I used to think, perhaps derived from the law firm co-expression.

Why use a lawyer?

First of all, if you make a mistake into their own, who do you sue? You just need to own responsibility. On the other hand, lawyers have insurance, errors and omissions.

Second, you can benefit from the expertise of your lawyer. Perhaps the company is not you in your circumstances, the right tools. Note that you can have a problem, and include benefits. Your lawyer can consider commercial law, securities law, limited liability, tax factors, estate planning, share structure, as well as numerous other commercial considerations. Sometimes a good idea, lawyers can save you thousands of dollars.

How to put your own

Many books have been written on how lawyers themselves.

For example, in Canada, Misidifen Georgas, LL.B., write the company to form their own book. By the International Self-Counsel Press Ltd. published, and he also created "the establishment and operation of Ontario's Guide" ( "How to form their own companies, including tax concessions, to include") and "Federal Register and Business Guide" ( "How to form Federal companies themselves under the Canada Business Corporations Act ").

The same form of publishers sell books and minutes, as well as other provinces in Canada into the title.

Forms, business supplies, name searches, and kits available from a legal stationery store and other sources.

In the United States, there are pairs of individual countries into their own a lot of manuals. "Fool into your business" company and the company "how your own company does not have right lawyers in the $ 75.00 Ted Nicholas" are two such books.

Sometimes, on this issue with the help information is available free or a nominal cost from the federal, provincial and state governments.

Sometimes you can find your local library for free registration manual. To be careful. Legal Handbook will soon become obsolete. You may be very seriously considering buying the latest handbook for the most advanced, it may also include maintenance of your company's business minutes, and other useful suggestions useful reference material.

Purchase of suitable manuals and supplies, and then follow the prompts. A little effort can save you hundreds of dollars into its own lawyer did not.

This is not legal advice!

Who should provide the legal advice is only licensed to practice law (), in other words only the lawyers. This article is not legal advice. If you need legal advice, consult with a lawyer.

This article is written just want to tell you that it is possible to form a company without a lawyer or a limited liability company.

July 16, 2003

Limit Your Liability to Protect Your Assets

If your business into serious difficulties, will bring you disappointed? For example, if an employee received a serious car accident at the same time work for you? Action would result in your personal bankruptcy?

Here is just protecting themselves against catastrophic losses and lawsuits some of their own way.

Into your business

Insurance can give you some of the loss. However, you may suffer business losses, but not fully covered by insurance litigation. How to do?

An extra level of protection is available through the formation of his own company. Even into their own will lead to additional procedures and costs, it may be the best insurance you bought.

This is because the company is a separate legal entity or individuals. Even though you may have company, if the company's business, it is to be prosecuted or subjected to loss companies.

If, for example, the company has a serious business losses, caused by the inability to pay debts, the company would be bankrupt. You, as a shareholder, will lose your investment in the company, but generally not for its debt, any responsible. Therefore, you will not sell your home or other personal assets to pay for the company's single responsibility.

On the other hand, there are directors of the company's accountability responsibilities, if they take a responsible Mickelson's case. You can `t hide behind a company, criminal acts, and hope to avoid responsibility.

To obtain adequate insurance

If someone in your home alone sidewalk and hurt himself, he can sue for compensation for you. Your tenant `s or homeowner policies may include single, In this case, your responsibility.

However, if your customer is who, and his access to your home-based business? You need to pay extra on your home insurance with business use of the driver. This additional coverage is worth the additional costs.

If you use vehicles for commercial purposes to ensure it. Some people believe that they were spending from cars clever writing income tax purposes, but also not informing the insurance company, the car is for commercial use.

This is wrong. If you have the opportunity to an accident, police and insurance investigators will certainly find that you have vehicles used for commercial purposes. If you do not `re-payment of business coverage, why the insurance company pay for your requirements?

In addition, what do you think the income tax auditor would think that the requirements of vehicles operating expenses, your policy only shows that individual security? To avoid this tax additional risk.

Will need to obtain the required workers `compensation range. Some people have been responsible for all of the injured worker's medical and other costs, and a fine not obey the law. These costs can be quite large, and even bankrupt you.

Contemplating the acquisition of product liability insurance. This not only applies to any product that you produce, but also for your products sold by others.

To protect themselves in the legal agreement

Properly drafted written agreements can protect you in many ways. First of all, they can sometimes prevent misunderstandings that could cause legal issues. Second, they may limit your risk and loss litigation.

The contract may provide for restrictions, including restrictions on your work and areas of responsibility and liability risks, through arbitration, rather than through the courts in disputes and sets out the maximum amount of damages shall not exceed the contract amount.

A special area, pay attention to the Internet. There are many legal implications, including issues affecting children, privacy Web site, profit requirements, and unsolicited e-mail ( "spam"). Certain agreements and notice on the website may help protect you.

To prevent catastrophic losses and lawsuits themselves. Today, to take steps to protect your assets, limit the risk of liability.