Getting ready to start your own business? You’ve got a bunch of different choices as to the entity type, including forming a corporation or a limited liability company. But don’t make the mistake the over-looking the sole proprietorship option. For new entrepreneurs starting a small business, a sole proprietorship offers five big benefits. Reason #1:… (read more)
So you want your own business. Or, you have been doing business under a certain name but have not yet incorporated. Often even the savviest entrepreneurs do not understand the basics of setting up a corporation. This article is a quick reference guide to some of the differences in protection, setup and maintenance of a… (read more)
A relatively recent form of business allowed by state statute, Limited Liability Companies (LLCs) are popular because, as in a corporation, owners have limited personal liability for LLC debts and actions. In addition, LLCs offer the benefits of partnerships, namely management flexibility and pass-through taxation. In most states, LLC business owners – called members –… (read more)
