PMCW Law

What is a Limited Liability Corporation? Like a Corporation, a Limited Liability Company (LLC) limits, in most cases, liability to the company and liability does not extend to the owners of the company.  An LLC is in most respects simpler to create and to operate than a Corporation and most people choose this form of business organization over a Corporation.  A person operating a business or contemplating starting a business must decide if there is sufficient risk to recommend the use of an LLC.  A person might decide that he is adequately covered by insurance and does not need the added protection of an LLC.  However, most attorneys will recommend the creation of an LLC in most types of business operations due to the ease and simplicity of forming an LLC coupled with the limited liability it provides. Advantages of forming an LLC You may have flexibility in taxes.  An LLC can elect to be taxed as a sole proprietor, partnership, S corporation, o...

The Lake of the Ozarks is a great place to be during the Fall months.  The weather is typically wonderful and there are many great family fun events happening in the area.  The Law Offices of Phillips, McElyea, Carpenter & Welch P.C. want to highlight some can't miss Fall festivals happening in the near future! Fall Festivals at the Lake of the Ozarks September 28th - Turkey Festival -   www.eldonchamber.com One of the largest festivals with 100+ vendor booths Turkey Trot & Gobble Wobble starting at 7:30am Parade at 10:00am Other daily events October 5th - Apple Festival -   www.versailleschamber.com 34th year! Parade, Fiddler contest, pie baking contest, other events in historic Versailles October 11th - Apple Butter Days -   www.camdencountymuseum.com Craft Booths, demonstrations, quilt raffle, re-enactors from early history, and other heritage events October 12th - October Fun Fest  -...

Lake of the Ozarks Air Show at Camdenton Memorial Airport The Law Offices of Phillips, McElyea, Carpenter & Welch, P.C. would like to highlight another family friendly event in the Lake of the Ozarks area.  If you are an aviation enthusiast, or would like to say thanks to some of our Veterans, bring the family out to this great event.  Airshow info and photos courtesy of  http://lakeoftheozarksairshow.com/index.html . This Saturday, September 21st, the skies above Camdenton Memorial Airport will be filled with aircraft performing various acts of skill and precision flying.  The air show will see a salute to our military and the return of Team Vortex Air Show, the Ping Pong Ball Drop, KC Flight Formation Team, and the Flash Fire Truck. New to the Lake of the Ozarks Air Show this year will be a P-51 Mustang Fighter, TBM-3E Avenger Torpedo Bomber, AC-47 "Spooky" Gunship and the Erik Edgren Airshow. A highlight of the airshow will be the appearance of...

Questions from our Clients At the Law Offices of Phillips, McElyea, Carpenter & Welch, P.C., we are asked many common legal questions from our clients.  We want to share these great questions with our Blog readers and answer them!  We will feature frequently asked questions with answers every few weeks, so keep checking back. Question - What is the difference between a Will and a Living Will? Answer - A Will is a legal instrument executed by a person in accordance with the Missouri Statutes directing the disposition of property at death, appointing a Personal Representative (sometime referred to as Executor) and perhaps other things.   A Will must be admitted to Probate to be effective.   A Living Will is a written, notarized statement made by person which gives instructions to health care providers concerning the care to be given the person when death is imminent.   The Living Will has been supplanted by an instrument known as a Hea...

Protect our Children According to the National Center for Missing & Exploited Children , The U.S. Department of Justice reports that in a one-year period of time studied, 797,500 children younger than 18 were reported missing for an average of 2,185 children being reported missing each day.  Some other hard hitting statistics from this organization: More than   200,000   children were abducted by family members. More than   58,000   children were abducted by non family members. An estimated   115   children were the victims of “stereotypical” kidnapping. These “stereotypical” kidnappings involved someone the child did not know or was an acquaintance. The child was held overnight, transported 50 miles or more, killed, ransomed or held with the intent to keep the child permanently. In Missouri, there are currently 401 missing children.  Here is a link to see these missing kids - http://www.mshp.dps.missouri.gov/CJ51/Search?page=1&co...