All of us at WealthCounsel hope that 2015 has been a year of growth and prosperity for you and your law business. Practicing law while also being a businessperson tasked with managing the aspects of a successful law practice is no small challenge. We hope that reading this blog and implementing some of the tips and guidance you find here helps you be successful in some small way. Because our continual goal is to help attorneys achieve their goals and find the success that is most meaningful to them.

It’s no surprise that LLCs remain an attractive option for business owners. In addition to providing them limited liability, they allow the owners to customize the LLC’s management and economic structure while offering a high degree of flexibility in taxation. However, when organizing LLC formation documents, choosing the right federal tax structure is key.

Part I of this two-part series considered some of the more significant banking, business and ethical issues related to the legalization of marijuana. Part II will now highlight issues related to employment in states where marijuana is legal.