Galeas Law Firm
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blog Archives

Distracted driving a serious problem

It’s far too common in the Bayou State. Drivers aren’t paying attention to the road and wind up causing an accident. It is a problem we all have to be much more vigilant about and make sure we are not part of the problem.

What the new U.S. Corporate Tax laws means for business

With a bold and improbably large marker, President Trump recently signed the GOP tax bill into law. The Tax Cuts and Jobs Act is the largest one-time reduction of the corporate tax rate in United States history. With most of the sweeping tax changes going into effect on January 1, 2018, corporations will find their taxes significantly cut.

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.

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.”