Jack Gilbert

Business Formation Business Organizations Partnership Disputes

What is a partnership?

March 26, 2026

A partnership is a business entity owned by two or more people (2+ partners) who share profits, losses, and management. Partners pool skills and resources...

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Business Formation Corporate & Commercial Law Partnership Law

What is a limited partnership?

March 26, 2026

A limited partnership (LP) is a business entity with at least 1 general partner who manages the company and at least 1 limited partner whose...

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Business Formation Business Tax Law Corporate Law

What is an S corporation?

March 26, 2026

An S corporation is a corporation that elects IRS “S” status so profits and losses pass through to shareholders and are taxed once at individual...

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Business Formation & Governance Corporate Law Mergers & Acquisitions

What is a corporation?

March 26, 2026

A corporation is a business structure that exists as a separate legal entity from its owners, typically providing limited liability protection. It can own property,...

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Business Formation Business Law Corporate Law

What is an LLC?

March 26, 2026

An LLC (limited liability company) is a U.S. business entity that shields owners’ personal assets from most business debts and lawsuits. It combines pass-through taxation...

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Business Law Estate Planning Small Business Law

What is a sole proprietorship?

March 26, 2026

A sole proprietorship is a one-owner, unincorporated business where the owner and business are legally the same. You report income on your personal tax return...

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Business Law Contract Law Corporate Law

What is a letter of intent?

March 26, 2026

A letter of intent (LOI) is a written document that outlines the main terms of a proposed deal before the final contract is signed. It...

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Business Law Contract Law Corporate Law

What is a memorandum of understanding?

March 26, 2026

A memorandum of understanding (MOU) is a written agreement between 2 or more parties that outlines key terms and intended next steps. MOUs are usually...

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Business Law Contract Law Litigation

What is a voidable contract?

March 26, 2026

A voidable contract is a valid agreement that one party can legally cancel due to issues like fraud, misrepresentation, undue influence, duress, or lack of...

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Commercial Litigation Consumer Protection Contract Law

What is unconscionability?

March 26, 2026

Unconscionability is a contract defense that can make an unfair agreement—or a specific clause—unenforceable when there’s both procedural unfairness (how it was formed) and substantive...

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Business Law Contract Law Real Estate Law

What is a statute of frauds?

March 26, 2026

The statute of frauds is a contract law rule that requires certain agreements to be in writing and signed to be enforceable. It typically covers...

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Business Law Commercial Litigation Contract Law

What is parol evidence rule?

March 26, 2026

The parol evidence rule generally bars using prior or contemporaneous oral or written statements to contradict or change a final written contract. Courts apply it...

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