Partnerships are a very popular choice of entity for many small businesses.  There are multiple types of partnerships including a limited liability company (LLC), general partnership, limited partnership, limited liability limited partnership (LLLP) and others.  The article below has been drafted by a Denver small business attorney at The McGuire Law Firm to discuss a...Read More

What type of business should I be?  Should I form a limited liability company (LLC) or a corporation?  These are common questions business owners may ask their business attorney, and they are good questions.  It is important for a business owner to understand their options when forming businesses and the implications.  Choice of entity is...Read More

Many individuals have the knowledge, experience and/or plan to operate a successful business.  However, a question commonly asked of a business attorney at The McGuire Law Firm is, “how do I start a corporation?”  Many business owners know how to run and operate their business but they are unaware of how to legally start their...Read More

As a business attorney, I have had many clients in my office who are ready to start a business.  They have a wonderful business plan, they have the capital and they are ready to begin. But yet, they ask, “how do I form an LLC?”  The article below has been drafted by a Denver business...Read More

What is a pass through entity?  This is a common question clients will ask their business attorney or tax attorney.  Business owners will have heard the term “pass through entity” but they may not fully understand what the term means and how it will apply to and affect them as an individual taxpayer.  The article...Read More

What is a business lawyer and how can a business lawyer help my business?  This may be a common question or thought of many business owners.  A business lawyer may assist a business and the owners of the business in many ways.  Some lawyers may specialize in very specific business transactions and others may work...Read More

What is a Schedule K-1?  This is a common question a business owner may ask their business attorney or tax attorney.  The article below has been drafted by a tax attorney in Denver to help explain a Schedule K-1 and the importance of a K-1 as it relates to tax matters. Schedule K-1 is an...Read More

There are many entity formats to choose from but two of the most common entities witnessed by business attorneys are a limited liability company and an S Corporation.  These two entities can be treated quite similarly and quite differently depending upon the overall circumstances.  The outline below has been drafted by a Denver business attorney...Read More

Many clients will ask their tax attorney and business attorney, what is a Schedule SE and why do I need to file a Schedule SE?  The article below has been drafted by a Denver tax attorney at The McGuire Law Firm to provide background on, and explain a Schedule SE. Schedule SE is used to...Read More

Previous articles have been drafted regarding the impact of a deficit restoration obligation on recourse debt and loss allocation and the impact of a deficit restoration obligation on equity allocations.  As a Denver small business attorney, John McGuire would like to discuss one more issue regarding a deficit restoration obligation and a Limited Liability Company,...Read More