Starting a business entails the selection of the legal format of your business. You can set up your business as a sole proprietorship, partnership, corporation, S corporation or limited liability company, all of which has its own advantages and disadvantages.
The business structure you choose will determine how much paper work you will have to do, how much personal liability you will incur, how much you will be able to raise money, and how your business will be taxed.
Get the right information to help you decide on the best business or legal structure for your small and home-based business.
We are looking at an S Corporation for our business. How does the S corporation taxes work when some receive a salary while some gets annual payment on any profits?
Considering the idea of forming an S corporation in California? While you may be able to save lots of money on payroll taxes with an S corporation, you do need a good handle on three, specific to California S corporation issues
There are several options in selecting the legal structure of a business. Learn the factors you need to consider when choosing a small business structure.
Find the answers to frequently asked questions about incorporation from Active Filings, LLC: Why Incorporate? A well-incorporated and well-run company can limit the personal liability of its shareholders. Corporate assets may be at risk, but personal assets will generally be treated as separate. However, keep in mind that the Court does not automatically remove liability […]
You are free to form your corporation in any of the 50 states. Learn the major factors should impact your choice for the state of your business incorporation formation.
Learn more about S Corporations (S Corp.) and Limited Liability Companies (LLC), and decide if one of these business structures is right for your small business.
To choose the right legal structure for your business, learn the similarities and differences between Limited Liability Companies (LLCs) and C Corporations.