Are you thinking of starting an S Corp but you’re unsure about all the steps required to form one? If that’s the case, you’ve come to the right place. In this article, you’ll find everything you need to know regarding how to start an S Corp. We’ll first give you a clear definition of what […]
What is the Difference Between an LLC & an LLP?
Are you interested in learning all the key differences between an LLC and an LLP, some of the most common business structures around the world? Well, look no further – our article will provide a detailed answer to the question: “What is the difference between an LLC and an LLP” and give you an overview […]
What is the Difference Between an LLC & INC?
When choosing a legal entity for your business, it’s important to consider a few factors, such as the size of your business, the formation costs of a given business structure, its taxation policies, and the management options. If you can’t decide whether an LLC or an incorporated entity would suit your business best, then our […]
What Is the Difference Between an LLC & Sole Proprietorship?
Deciding on the right business structure is one of the most crucial decisions you have to make regarding your business. Some entrepreneurs prefer smaller, less complex business structures because they’re easier to form and operate. Others, however, like the prospect of more complex structures because of the benefits they provide. Regardless of what side you […]
What is the Difference Between an LLC & a Corporation?
While they might seem similar at first glance, LLCs and corporations share quite a few differences that make them two separate business entities. They are similar in terms of providing limited liability for their owners, but they differ in some fundamental ways, such as their structure and taxation policies. In this article, we’ll answer the […]
How to Start a Partnership
Just like with any other business entity, in order to form a partnership, you need to complete a few different steps. If you’re wondering how to start a partnership and what steps this process entails, our article will give you a detailed overview on every step required to form a partnership. First, we’ll provide a […]
What is the Difference Between an LLC and an S Corp
If you’re just starting out on your entrepreneurial journey, or if you’re thinking about changing your business’ current structure, you might be asking yourself: “What is the difference between an LLC and an S corp?”. These are two of the most popular business structures and while they do share some similarities, there are some major […]
How to Dissolve an LLC In 7 Simple Steps
Closing an LLC is a difficult decision. Most of the time, it’s a result of certain unexpected drawbacks or failing to meet financial goals. However, it could also be a result of the business outrunning its course. One thing is certain – dissolving an LLC when you no longer have a passion for operating it […]
What Is a Single Member LLC
A common business structure many people opt among the different types of LLCs is a single member LLC. It provides many different benefits for the owner, such as protecting you from being personally liable and adding credibility to your business. Not to mention, you’ll be the only one to make all the decisions for your […]
What Is a Series LLC?
There’s no denying that LLCs are among the most common and sought-after business structures. Considering there are a myriad of benefits that come with forming a traditional LLC, this hardly comes as a surprise. However, a subtype of LLCs called series LLCs is becoming quite a popular business model, one that is extremely appealing to […]
How Much Does a Registered Agent Cost?
If you’ve been researching how to form an LLC or a corporation, you must’ve come across the term “registered agent”. When you’re in the process of creating a new business and your business has to be registered with the state, hiring a registered agent is one of the requirements. Like with any other step of […]
What Is an Employee Identification Number (EIN)?
If you’re looking to start a business, or you’ve already started one but you want to incorporate it, one of the steps you need to complete before your business starts operating is obtaining an Employee Identification Number. An EIN is crucial for your business and comes with many benefits that will help you manage it […]
How Much Does It Cost to Start an LLC?
LLCs are one of the most popular business structures. But How much does it cost to start one? If you’re interested in learning all about the formation costs and fees of forming an LLC, then our article is for you. Apart from going over every step required to form an LLC and giving you an […]
What is a Nonprofit Corporation? Advantages & Disadvantages
Nonprofit corporations are a common business structure that brings people who share the same mission and philosophy together. They are created with the purpose of helping people and animals and contributing to a better world. Our article will answer the question of “what is a nonprofit corporation” in great detail, providing you with a definition […]
What Is a Partnership? Advantages and Disadvantages
If you’re looking to grow your business, or if you’re interested in obtaining a business partner with whom you can exchange ideas and share the burdens of forming a business, then you might be considering forming a partnership. And if you’re not very familiar with this business structure, you’ll find all the essentials in the […]
What Is a Corporation? Advantages and Disadvantages
If you’ve ever asked yourself “What is a corporation?” and wondered about all the intricacies of creating and managing one, our article will provide useful insight into the process. We’ll start by defining what a corporation is and exploring the most common types of corporations. Furthermore, we’ll elaborate on all the advantages and disadvantages of […]
What is a C Corp? Advantages & Disadvantages
C corps are among the most common business entities for both bigger and smaller businesses. Their popularity isn’t surprising considering they come with a myriad of benefits. If you’re considering forming a C corp and you’ve asked yourself: “what is a C corp?”, our article will help explain the intricacies of this type of business […]
What is a B Corp? Advantages & Disadvantages
When considering which type of corporation to go for, most business owners choose between an S corp and a C corp. However, there is also a third, newer type of corporation that comes with a myriad of unique advantages that business owners can enjoy. In this article, we’ll answer the question of “what is a […]
What is an S Corp? Advantages & Disadvantages
You might be thinking about forming an S corp from scratch and are curious about the potential advantages and disadvantages that are innate with this business structure. Likewise, you might be thinking of expanding your existent business and incorporating your LLC as an S corp. Whatever the case might be, our article will provide answers […]
What is a Sole Proprietorship? Advantages & Disadvantages
Starting a business from scratch is an intimidating process. You have to make a lot of decisions that will impact the future of your business, including choosing the type of business structure you’d like your business to operate under. If you’re interested in forming a sole proprietorship and you’d like to get acquainted with all […]