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New Orleans Law Blog

Pros and cons of the LLC model

There are many ways to structure a business. A Limited Liability Company is one of the most popular methods small businesses use, with other options including sole proprietorship, partnership and corporation. This blog previously discussed the basics of the four business structures, but starting a business is a complex process that requires thorough research to know what fits your needs.

The LLC is a hybrid business model that protects personal assets better than a partnership and allows for flexible income shares like a corporation. Most small businesses will consider an LLC, an S Corporation or a partnership model. LLC is popular because it’s to manage than other models, while giving more flexibility on how you operate.

Is it safe for drivers to use hands-free devices?

After hearing reports about the dangers of texting and driving, many drivers started using hands-free technology instead. Unfortunately, studies show that hands-free devices are not as safe as drivers think.

The act of communicating over the phone places demand on your brain. While your mind focuses on the conversation, it directs your attention away from road conditions and traffic. What should drivers know about the risks of talking on the phone while driving?

Partnership agreements: protection from partner divorce

Choosing a compatible business partner is essential to a happy, healthy small business. Unfortunately, it is not easy to find the right one. People bulk when they hear that 50 percent of marriages end in divorce, but the success rate of business partnerships is even worse. Approximately 70 percent of business partnerships end in “partner divorce.”

Don’t let these statistics scare you. There is still a chance that you and your business partner will have a successful business relationship. However, keep these statistics in mind, and plan for the worst. As you develop your business plan, consider creating a formal partnership agreement.

Can drinking coffee cause car accidents?

When you hear distracted driving, your mind probably turns to cell phones. We are constantly told that we should not text and drive. But we really need to be told to not “sip and drive” or “take a bite and drive.”

The National Highway Association reported that eating or drinking while driving could increase your chances of having an accident by 80 percent. Lytx reported that drivers who are eating are drinking are 3.6 times more likely to be in a car crash than drivers who are not paying attention to the road. What does this mean for your driving?

How should I structure my small business?

The list of things that small business owners need to do to get their business off the ground is long. One of the key issues you'll need to address is how best to structure your business.

Generally speaking, there are four ways for-profit businesses may opt to use to organize their business. These options are a sole proprietorship, partnership, limited liability company (LLC) or corporation.

New Feature on Apple Phones Aimed at Preventing Distracted Driving

Despite increased driver education and law enforcement efforts, distracted driving has been on the rise in recent years -- particularly with regard to texting while driving.

Phone makers are aware of the problem, and Apple is now trying to do its part to reduce the number distracted driving accidents.