Jack Gilbert

Business Organizations Corporate Governance Corporate Law

What is corporate bylaws?

March 26, 2026

Corporate bylaws are a corporation’s written internal rules that govern management, meetings, voting, and decision-making. They outline how directors and officers act, how shareholders meet,...

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Business Formation Business Taxation Corporate Governance

What is a C corporation?

March 26, 2026

A C corporation is a separate legal entity that can have unlimited shareholders and is taxed at a 21% federal corporate rate. Shareholders generally get...

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Charity & Foundation Law Nonprofit Organizations Tax-Exempt Organizations (501(c)(3)) Law

What is a nonprofit organization?

March 26, 2026

A nonprofit organization is a mission-driven entity that reinvests 100% of surplus revenue into its programs rather than distributing profits to owners or shareholders. Many...

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Business Compliance Business Formation Corporate Governance

What is a registered agent?

March 26, 2026

A registered agent is a required representative in every state where your business is registered who receives service of process and official government mail. This...

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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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