Unlike traditional legal texts that focus only on what the law is , this 6th edition forces the reader to ask: What should we do about it?
As we look toward the next five years, the principles enshrined in will become survival skills. The authors posit that the General Counsel (GC) will soon sit alongside the CFO and COO as a strategic partner in all major decisions. Managing The Law The Legal Aspects Of Doing Business 6th
Choosing how to structure an enterprise directly changes an owner's personal tax rates and asset liability. The text compares the three classic operational models: Business Form Personal Liability Management Style Tax Implications Unlimited personal liability Direct individual control Taxed on personal return Partnership Joint and several liability Shared partner control Profits pass to partners Corporation Limited to invested capital Board and officers Separate corporate tax Unlike traditional legal texts that focus only on
Legalities surrounding commercial leases, property ownership, and secured transactions (using assets as collateral for financing) are demystified. Choosing how to structure an enterprise directly changes
Simple to set up but offers zero liability protection. The owner's personal assets are entirely at risk for business debts.