If your business only has a few investors and you do not anticipate receiving outside financing in the near future, an LLC is probably best for you because of its flexibility, simplicity, and pass-through taxation (see blog entry on pass-through taxation). However, if you want a board of directors that is distinct from the officers and/or…

A corporation is made up of three groups of people – the shareholders, the board of directors and the officers, although the same person can hold multiple positions. The board of directors is formally elected by the shareholders and represents their interests. It is the board of directors that hires the officers of the company,…

A limited liability entity (a corporation or an LLC) provides both financial and liability benefits. The financial benefits include the ability to deduct more business expenses from annual revenue when calculating taxable income than would be possible without an entity. Forming a limited liability entity also helps protect your personal assets in the event of…

Why would any law firm client be willing to pay more than the agreed upon billing rate? Why would any law firm agree up front to discount its rates for clients who are unhappy with the service they received? Well at least one law firm is banking on being on the winning side of this…

Among large corporations, the compensation model for vendors is changing from hourly or even flat fees to pay-for-performance. That is going to change lots faster now that giant Coke has adopted the value model. In AD AGE, the bible of the marketing industry, Jeremy Mullman and Natalie Zmuda report: “Coca-Cola Co. is trying to start an…

Silicon Valley, California, March 26, 2009 –(PR.com)– Rimon Law Group, Inc. is launching a practice group dedicated to serving Israeli companies and entrepreneurs doing business in the United States. According to one of Rimon’s Managing Attorneys, Michael Moradadeh, Israeli companies and citizens see the United States as a key market for their innovations. They need…

The Jerusalem Post Internet Edition MICHAEL MORADZADEH , THE JERUSALEM POST The economic crisis has shaken up the start-up and hi-tech community, with the credit crunch squeezing the life out of many small companies. However, crisis is often a powerful breeder of innovation, and with the stimulus bill pumping $787 billion into the US economy,…