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 […]
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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 […]
Indiana’s Commercial Courts
When incorporating a business, many entrepreneurs end up choosing to incorporate in Delaware, based in part because of favorable corporate statues and immense business case law. Uniquely though, Indiana has been making strides in competing with Delaware on this issue. For example, many statutes pertaining to corporate entities and their […]