Recently many individuals have used other people’s social security numbers to file tax returns, claiming refunds are owed. Typically our clients discovers this when they go to file a tax return and learn that a tax return has already been filed under their social security number. Additionally, some clients learn […]
Post Tagged with: "Business Attorney Indiana"
New Exception to the Economic Loss Theory
In a recent decision, the Indiana Court of Appeals held that a new exception existed to the general rule of Economic Loss Theory. Magic Circle Corps v Crowe Horwath LLP, 71A03-1607-PL-1520 (Ind. Ct. Ap. Mar. 8, 2017). In Magic, Magic Circle and several of its shareholders filed a complaint against […]
Tax Differences Between LLCs and Corporations
If you are thinking of forming a new business, an important question to consider is how you want that business to be structured. In Indiana, there are many types of business entities, including sole proprietorships, partnerships, limited partnerships, limited liability companies (LLCs), and corporations. Most businesses these days are structured […]
Entity Forms to Consider When Starting Your Indiana Business
When starting a business in Indiana, entrepreneurs should consider the advantages and disadvantages of forming a sole proprietorship, a corporation, and a limited liability company. The simplest form of business is the sole proprietorship. A sole proprietorship is a business entity owned by one individual who performs the majority of […]