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January 2012 Archives

Burkholder, Blomenberg Added to Firm’s Name

McHenry, Haszard, Roth, Hupp, Burkholder & Blomenberg, PC, LLO, is pleased to announce that shareholders Sheri Burkholder and Chris Blomenberg have been added to the law firm’s name. Sheri Burkholder graduated from UNL College of Law with Distinction in May 2000. She joined the firm in 2001 and was elected a shareholder in 2004. Burkholder’s practice is concentrated in the areas of adoptions, farm and business related divorce litigation, the formation of business and non-profit entities and general civil litigation. Chris Blomenberg is also an alumnus of UNL Law College, graduating with Distinction in May 2004. He joined the firm on admission to the bar in 2004 and became a shareholder in 2007. Blomenberg’s areas of practice focus on elder law, estate planning and probate, guardian and conservatorships and Social Security disability. The attorneys at McHenry Haszard share the vision of providing quality legal services through the highest degree of ethical conduct. The firm represents individuals and institutions in the areas of corporate and business law, family law, estate planning and administration, criminal law, education law, social security disability and personal injury.

LLC – Why and How?

Why an LLC? 1. Limit Personal Liability The name says it all:  Limited Liability Company.  You can protect your personal assets such as your home, vehicles, and other personal property from liabilities related to operating your business.  2. Avoid Double Taxation With an LLC, you may elect to receive the benefit of pass-through taxation, which means that the owners report the profits and losses on their individual income tax returns.  The LLC itself would not be taxed, which protects you from double taxation. 3. Lessen Paperwork An LLC will have fewer formalities than S Corporations and C Corporations in paperwork and record keeping. 4. Fewer Restrictions An LLC is able to implement an organizational structure that fits its business as there are fewer organizational restrictions.     How do I form an LLC?  1. Contact McHenry Haszard Law for assistance in the following steps. Any time you are dealing with legal aspects of business, you should request help from your attorney.  Your attorney will assist you in with the  necessary steps in the correct order.  2. Choose a Business Name Your business name must be available and comply with state law. 3. File Formal Paperwork In Nebraska, you must file Articles of Organization with the Nebraska Secretary of State. 4. Create and Operating Agreement The Operating Agreement sets forth the rules that govern the operation of your LLC. 5. Set Up Your FEIN An FEIN is a Federal Employment Identification Number, which is the tax identification number for your LLC.  You will use this number for transacting business such as opening a bank account.