Category: Start Up Information

Getting Your LLC Documentation in Order

Written by JGPC Business Law on July 10, 2019. Updated May 2026. Proper LLC documentation is essential for protecting business owners from personal liability and maintaining the legal protections offered by a limited liability company. Failing to maintain required formation and operational documents can expose LLC members to personal financial risk and create serious legal problems for the business. Two nightmare scenarios can turn a business enterprise from a dream into a horror story...

Securities Law for Startups Part I

Written by JGPC Business Law.

(Part I – The Basics) Is your startup planning to raise money from outside investors? Then you might want to have a basic understanding of securities law. Don’t worry. You don’t have to become an expert. But you do need to know what securities are and how (and why) they are regulated. In today’s post we are going to get you up to speed on the basic securities law issues that startups face. In a future post, we will show you how to raise capital using the major federal and state securities law...

What is Crowdfunding? (and how can it help your startup?)

Written by JGPC Business Law.

Crowdfunding is an innovative way to raise money for a project by pooling small contributions from a large number of people. It’s a simple idea that – when combined with the reach of the Internet – can lead to profound consequences. Barack Obama’s unlikely 2008 campaign was largely paid for by small contributions to his online crowdfunding machine. And Kiva.org – a crowdfunded micro-lending site – has helped over 1.9 million low-income entrepreneurs and students get...

4 Steps For Start Up Capital

Written by JGPC Business Law.

Startup Capital: How to Get Funding Without Losing Control of Your Business Raising startup capital is one of the first steps to getting your startup business going. But the process is not simple. If you aren’t careful you could lose control of your business to someone else. In today’s post we are going to show you the basics of raising startup capital in a way that will keep you in control of the business you create. Special Note: If you need startup advice about structuring your startup...

LLC Design and Implementation

Written by JGPC Business Law.

LLC Design and Implementation Tax Considerations and Consequences LLCs come in four basic forms based on tax treatment which is usually chosen by the members. The four forms of LLC’s based upon tax treatment we shall call: (i) LLC-D’s (those LLC’s taxed as a disregarded entity) (ii) LLC-P’s (those LLC’s taxed as a partnership) (iii) LLC-S’s (those LLC’s tax as an “S” corporation) (iv) LLC-C’s (those LLC’s taxes as a “C” corporation) These four forms of the LLC are functionally very different...

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LLC Asset Protection Strategies

Written by JGPC Business Law.

LLC Asset Protection Strategies Inside-Out Liability: As far as inside-out liability, members of an LLC have the same level of personal liability protection as the shareholders of a corporation. That is, creditors of the entity, whether corporation or LLC, cannot get thru to the owners, shareholders or members, unless the shareholders/members have personally guaranteed a corporation/LLC debt, have received an improper distribution or a court allows a piercing of the corporate/LLC veil because...

What is a Limited Liability Company?

Written by JGPC Business Law.

What is a Limited Liability Company? Many business transactions lawyers spend much of their professional lives creating, structuring and manipulating the “unnatural persons” of the legal world, those entities identified as “persons” under the law that are not “natural persons”. These “unnatural persons” are the building blocks of modern civilization. They are the conceptual entities or “legal entities” that we natural persons use to organize our lives and to bring continuity, stability and...