Jo Ann Koontz, Jackie Durham (Koontz & Associates, PL) and Marina Parkin (Koontz & Parkin, CPAs) talk about very common problems businesses face when forming a company. Learning about these issues now can save you, your partners and your business from legal trouble in the future. Has your business been formed correctly?
2:05 Name of the business - registered name vs fictitious name.
8:10 Business location and names on business issues.
10:35 Real estate agents and fictitious names.
13:12 Listing owners of your company (members vs managing members vs authorize number).
16:09 Misuse of titles for members.
18:03 Misusing forms and documents.
26:04 Creating contractual obligations among members.
34:51 Creating a company for DBA?
37:41 What is your entity and how you choose for best tax optimization?
44:38 Importance of signing an operating agreement and reviewing agreement.
50:40 Provisions when forming operating agreement.
Koontz & Associates, PL | Jo Ann Koontz & Jackie Durham
Koontz & Parkin, PL | Marina Parkin