An LLC (Limited Liability Company) is a business entity that exists separately as an individual legal entity. An LLC can therefore acquire its tax identification numbers, open and operate a business bank account and run a business. Its structure is simple and highly versatile. Since it has limited liability it can enable you to enjoy some pass-through tax formats. It enjoys a … [Read more...] about Everything You Need to Know About LLC
Business Structure
Guide to Choosing the Right Registered Agent for your New Company
How to Choose a Registered Agent Choosing your company’s registered agent is a super important step in the business formation process. Just like with other vital decisions—such as choosing an entity type, or the company’s name, or whether the company will be taxed as a pass-through or detached entity—making the wrong choice can harshly damage the business. The benefits of … [Read more...] about Guide to Choosing the Right Registered Agent for your New Company
S Corporation vs. LLC: Which Structure is Right for Your Business
Determining the type of legal structure for a new business can be daunting for entrepreneurs and small business owners. Corporations and limited liability companies (“LLCs”) are preferred business structures because, unlike sole proprietorships and partnerships, both offer liability protection. This means that the owner of a company cannot be held personally responsible for the … [Read more...] about S Corporation vs. LLC: Which Structure is Right for Your Business
How to Choose the Right Legal Structure for Your Business
The most suitable business form a company can have depends based on the capital the businessmen can invest in the respective company (different legal forms require a different minimum share capital), the size of the company and its main business operations. It also depends on the specific jurisdiction (or country) where the business will be formed. In Europe, commercial … [Read more...] about How to Choose the Right Legal Structure for Your Business
How to Bullet Proof Your Corporation
Many small business owners are well aware of the importance and benefits of incorporation. If properly formed and operated, a corporation shields its shareholders from personal liability. Requirements in Operating a Corporation While many small business owners seek legal counsel to assist them with formation of their corporation, they may not understand the benefits … [Read more...] about How to Bullet Proof Your Corporation