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Limited Liability Corporations (LLCs) in Georgia contain similar characteristics of both corporations and partnerships. For taxation purposes, LLCs are treated as partnerships, with pass-through taxation to the individual. The key benefit of an LLC is that you, the member, are protected from personal liability. But in order to enjoy this benefit, the member must keep …

In April 2010, the General Accountability Office issued a 45 page report very critical of Debt Settlement companies, which can be found at www.gao.gov/cgi-bin/getrpt?GAO-10-593T. Common threads among the report are that these companies advertise in all forms of electronic media (TV, radio, Internet) , touting their ability to aid the financially distressed. Also, an overwhelming …

So after months of phone calls and letters from the collection agency, you have finally been served with a Complaint by the Sheriff on that old credit card you took out years ago. You might be thinking it is hopeless for you to fight it and there will soon be a judgment against you. Do …

Republished with Permission  2009 Nolo. Learn about the corporation, LLC, partnership, and sole proprietorship. Before you can decide how you want to structure your business, you’ll need to know what your options are. Here’s a brief rundown on the most common ways to organize a business: * sole proprietorship * partnership * limited partnership * …

By Stephen Fishman, J.D. Republished with Permission  2009 Nolo. Don’t miss these fourteen tax deductions for your small business. It’s simple: The more tax deductions your business can legitimately take, the lower its taxable profit will be. Also, in addition to putting more money into your pocket at the end of the year, the tax …