THIENEL LAW BLOG
What is the Difference Between Fractional General Counsel and Traditional In-House Counsel?
Companies that offer fractional business services are growing and thriving in the business world. Many companies are utilizing fractional business services, including fractional legal services. Entrepreneurs quickly realize that they need a team of business professionals to operate their business and make a profit.
[VIDEO] Fractional General Counsel - How Does it Work?
At some point, you and your business will need legal advice from a skilled, experienced attorney. However, many start-ups and small businesses have extremely tight budgets. Most entrepreneurs pay for legal services only after they realize they need an attorney. Unfortunately, they are overlooking a valuable asset for their company – a fractional general counsel.
What is the Difference Between an LLC and an LLP?
A Limited Liability Company or LLC is a business entity organized under state law. The laws governing LLCs may vary slightly by state. The business is owned and managed by members who have limited personal liability as long as the members and the LLC maintain separation between business assets and personal assets. LLCs can have one member or multiple members. Many small business owners who do not want to remain sole proprietors or groups who do not wish to become partners choose an LLC as their business structure.