According to Wikipedia, the term “Boilerplate” means any text that is or can be reused with little change. Clients sometimes assume that boilerplate language is also hollow and harmless. It is neither. Take two examples: what lawyers refer to as “Choice of Law” and “Venue” clauses. Each is relatively straightforward, but they pack a punch. […]
Understanding Limited Liability Company (LLC) and an S-Corporation (S-Corp)
The following is an article from the Oregon Trial Lawyers Association’s “Trial Lawyer” Magazine published in its summer 2009 issue. The author is grateful to Gary Kahn of Reeves, Kahn & Hennessy, as well as Fred Rasmussen of Fred A. Rasmussen, CPA, PC, for their editing, suggestions and help in writing this article. ********** You […]