Many new and existing businesses today are S Corporations. S Corporations are popular because they provide several advantages to the shareholders. One of the best known advantages is the “pass-through” taxation. Pass-through taxation allows the profits and losses of the S Corporation to flow directly to the shareholders, where they are only taxed once. In…

Perhaps you have heard a story about an employee that has embezzled from a company.  Some may shake their heads in disgust and then shrug it off thinking that it will not happen to their company.  Others may hope that it never happens to their company, but take no steps to prevent it from happening. …

Business mediation may be preferable to litigating a dispute in court. Small to medium sized businesses in Nebraska may benefit greatly from using mediation instead of litigation to resolve conflicts.  As is the case with larger businesses, disputes may arise with competitors, business partners, employees, customers, and vendors, but small business often lack the PR, HR, or legal capacity to address conflicts…

Do you have questions about Nebraska contracts law? Thompson Law Office is here to help.  Learn more about our business law practice here. What is a contract? A contract is a legally binding agreement between two or more parties. Because contracts often reflect agreements for the exchange of goods or services, contracts are the foundation…

Trying to Decide if You Need a Business Attorney? Lawyers cost money. For cost-conscious business managers the question of when to seek help from a qualified lawyer can sometimes be challenging. There may be some situations where the need for qualified counsel is obvious, but there may be other situations where the need for counsel…

Business Structure Types Every business must have a structure. There are a number of ways to structure your business under Nebraska law. Some of the most common business structure types are: sole proprietorships partnerships corporations limited liability companies (LLC’s) limited partnerships nonprofit corporations Nebraska Business Structure Types: Sole Proprietorship A sole proprietorship is one person…

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