Over my 25-plus years of practicing law I have seen some repetitive mistakes made by many different business owners. The following list represents five of the more common mistakes:
FAILING TO OPERATE AS AN ENTITY
If you go to the trouble and set up a corporation or a limited liability company (“LLC”), you need to make sure that you operate your business as an entity. What do I mean? All agreements should be between your company and the other party – not between you and the other party. Make sure you always list your company as the entity that is entering into the agreement. (more…)
