I had the oppurtonity to speak at the Oregon Hearing Society’s fall education seminar.  I spoke on the basics of limiting risk in a small business.  I’ve posted the outline I used for the seminar below.
The Basics of limiting liability in Business
Kevin Spence

Types of business entities

Type
Liability Protection
Tax
Ease of Use

Sole Proprietorship
None
Self-Employment
easiest

Partnership
None for general [...]

In Oregon, and most of the rest of the United States, the Limited Liability Company (LLC) is the most popular entity for a new business. The LLC has quickly become the most popular because of the numerous advantages it has over a Corporation, Partnership or a Sole Proprietor. In most instances, a small [...]

At the PDXwi event last week, I was asked a very interesting question: Should a home based single-member LLC pay rent to the owner of the home–the same person– in order to avoid any “piercing of the veil” problems.
I found an answer to this problem in IRS publication 587. Single member LLCs are disregarded entities [...]

Since LLC’s are by far the most popular business organization at the moment. I prepared a few slides.(If you are using a feedreader,you may not be able to see the slides.)

If you don’t care about privacy, you can file most of the forms yourself at filinginoregon.com. It’s straight forward enough to do on [...]

As I was skimming through some blogs this morning I found some great information from the Law Librarian blog Oregon legal research. Their post Oregon limited liability corporations gives a wealth of links and sources for those looking to research LLCs.
LLCs are the most common new form of business in Oregon and it makes [...]