Project Category: business

Short Answer: Handshake agreements are sometimes legally binding but they are hard to enforce.

Short Answer: S corps have pass-through taxation and some structural limits; C corps are subject to double taxation and can grow bigger in some ways.

Short Answer: Sole proprietorships and partnerships are the default legal structures when people start doing business without officially creating an LLC or corporation.

Not all agreements are legally-binding. For a contract to have legal teeth, it must contain these 6 elements:

Short answer: Technically no. Anyone can write a contract for themselves, but unless you have a strong understanding of contract law, it’s best to get help from a lawyer.