This article will help you understand the best business structure for your company’s needs. Is an LLC the best way to go, or maybe a corporation?
It might be time to consider converting your LLC into a corporation to take advantage of new benefits. Here’s what you need to know.
Starting a business is an exciting journey for many hopeful entrepreneurs. However, it can also be intimidating, overwhelming and incredibly scary stepping out on your own. You may have the business side of things under control and mapped out, but now you have to focus on the legal requirements to officially launch a business corporation. […]
There are several decisions to consider when forming a business entity; it is important to be familiar with the tax ramifications of a given business entity before it is filed with the designated state agency
Forming an S corporation offers a number of advantages for independent salespeople, real estate agents and others, according to certified public accountant and Christian Post blogger John Dillard. The first advantage to S corporations, according to Dillard, is that business incorporation gives the company instant legitimacy. He says if a business is not incorporated, many state or […]
Forming a company can help entrepreneurs get their enterprises off of the ground, but can it also help the economy? The Small Business Administration reports that entrepreneurs lead the way in driving economic recovery, with small businesses creating 64 percent of net new jobs over the past 15 years. A recent study from the Kauffman Foundationsuggests […]
For entrepreneurs ready to start a corporation, navigating different benefits of different business types can be tricky. Luckily, the Wall Street Journal recently discussed why some businesspeople find S corporations are best. S corporations provide liability protection while still allowing business profits to pass through the shareholders’ personal tax returns. This means businesspeople are protected from the […]
A recently released survey from Georgetown indicates that S corporations owned by employees through employee stock ownership plans (ESOPs) might be the most resilient companies in recessions. The study reviewed the performance of S corporations in 2008 and found that these entities provide considerable benefits to workers and business owners. The results demonstrate that S corporation ESOP […]
The idea of forming a company can seem like an overwhelming process to many first-time entrepreneurs. But small business owners in the San Diego area have a number of organizations that can help them with filing an LLC or any other business matter, San Diego News Room reports. In terms of general small business mentoring and advice, the […]
Entrepreneurs who decide to start a corporation as opposed to a looser structure such as a sole proprietorship, need to carefully follow all of the practices and mandates that come along with it in order to avoid trouble with the IRS. In Entrepreneur magazine, Bonnie Lee notes that corporations come with the responsibility to hold […]