Scherrie L. Prince is the founding attorney of Prince & Associates, PLLC, a multi-state law firm with offices across North America. A skilled advocate for both entrepreneurs and injury victims, she leads a dynamic practice. As general counsel, she guides business owners through complex legal landscapes, while her personal injury practice has earned her recognition for securing substantial recoveries for her clients. Drawing from her extensive litigation experience, Scherrie shares valuable legal insights through her firm's blog, combining practical knowledge with accessible expertise to educate and empower her readers.
Choosing the right business structure is one of the most consequential decisions an entrepreneur will make. For many business owners, forming a Limited Liability Company (LLC) offers an attractive balance of liability protection, tax flexibility, and operational simplicity. However, the legal landscape shifts significantly depending on whether you establish a single-member LLC or a multi-member […]

Operating as a sole proprietorship offers simplicity and minimal startup costs, but as your business grows, the risks and limitations of this structure become increasingly apparent. Converting a sole proprietorship into an LLC or corporation represents one of the most important strategic decisions an entrepreneur can make—protecting personal assets, enhancing credibility, and positioning the company […]

Every business entity—whether an LLC, corporation, or limited partnership—must designate a registered agent to maintain good standing and legal compliance. This seemingly administrative requirement serves a critical legal function: ensuring your business can be reliably contacted for official correspondence, service of process, and regulatory notices. Understanding registered agent responsibilities isn’t just about checking a formation […]

Every business owner understands the importance of a strong operational plan, but many overlook one of the most critical legal frameworks that protect their company’s future: bylaws and corporate governance for small businesses. Whether you’re launching a startup, scaling an established enterprise, or managing a family business, proper governance structures aren’t just corporate formalities—they’re essential […]

When launching a business with co-founders, enthusiasm and shared vision often overshadow critical legal considerations. Yet partnership agreements that protect founders serve as the constitutional framework that can mean the difference between a thriving enterprise and a costly legal battle. These foundational documents establish clear expectations, define ownership structures, and provide mechanisms for resolving disputes […]

One of the most consequential decisions you’ll make as an entrepreneur is selecting the proper legal structure for your business. Choosing the right business entity—whether an LLC, S-Corporation, or C-Corporation—affects everything from your tax obligations and personal liability protection to your ability to raise capital and eventually exit your company. Unfortunately, many business owners make […]
