Unlocking Your Business Potential
Do you have to be qualified to be legal counsel? You must be (or about to become) qualified to practise as a barrister, solicitor or chartered legal executive in England and Wales. Read more on www.gov.uk Although they are not the same, legal counsel and lawyers are frequently used interchangeably. A lawyer is a professional … Read more
What is the legal term for sweat equity? Sweat equity is an ownership interest that a person gains from contributing labor instead of capital. The term is often used in the context of partners who have equity in a partnership earned not from a capital contribution, but rather from their contributed labor. Read more on … Read more
What is the difference between dejure and defacto? De facto means a state of affairs that is true in fact, but that is not officially sanctioned. In contrast, de jure means a state of affairs that is in accordance with law (i.e. that is officially sanctioned). Read more on onlinelaw.wustl.edu Dejure and defacto are two … Read more
What is meant by legal eagle? Meaning of legal eagle in English. a skilled lawyer, or a clever student of law: She hires a fresh-faced young legal eagle named Ellen. Read more on dictionary.cambridge.org A person with a thorough knowledge of the law and legal issues is referred to as a “legal eagle” in this … Read more
What is assumed name mean? Definition of assumed name. : a false name He traveled under an assumed name. Read more on www.merriam-webster.com An assumed name, commonly referred to as a DBA (Doing Business As), is a name used by a business to conduct its operations that differs from the company’s official name. Businesses frequently … Read more
The owners of an LLC are called members. All LLCs must have at least one member, but there is no upper limit on the number of members a business can have. Read more on howtostartanllc.com Limited Liability Companies (LLCs) are well-known business structures that offer an adaptable and tax-efficient organizational structure. Owners of LLCs are … Read more
What does a person of good standing mean? A person. A person of good standing in the community is somebody who has the respect of others. In the UK, for example, this may be a Justice of the Peace, Minister of Religion, doctor, engineer, or teacher. This person would also lose something by wrongly countersigning … Read more
Is your legal name your full name? In general, a US born person’s legal name is the name shown on his or her U.S. birth certificate (includes hyphens and apostrophes) unless the person’s name has changed based on certain events, such as a marriage or a valid court order for a name change. Read more … Read more
What is an assumed name in Texas? Assumed Name Certificates in Texas. An assumed business name is a name for your business that is different than its legal registered name. An assumed business name certificate is the document that serves as proof that your company has the legal right to use a specific name. Read … Read more
What does personally liable mean? Personal Liability Being “”personally liable”” means that a plaintiff who wins a court judgment against your business can satisfy it out of your personal assets, like your bank account, home, or automobile simply because of your status as an owner of the business. Read more on www.dmlp.org It’s essential for … Read more