In the process of forming your small business, you will make both simple and complex decisions. But one important decision is often made by default because the business owner doesn't realize there is a choice to be made. The decision is where to incorporate your business-what state will form the regulatory hearth and home for your new entity. Believe it or not, you are … [Read more...] about Factors to Help Decide Where to Incorporate Your Business
Corporation
Incorporate Your Business: Why and Where
Incorporation is an important step in the life of a business, but unfortunately the true value of incorporating a business is often not seen until the business faces a negative situation such as a law suit or bankruptcy. Why Incorporate Your Business A primary advantage of incorporation is the limited liability the corporate entity affords its shareholders (owners). … [Read more...] about Incorporate Your Business: Why and Where
Taxation Benefits of Incorporating
Someone once remarked, "Next to being shot at and missed, nothing is quite so satisfying as an income tax refund." There's no question that saving money in taxes is high on everybody's list of financial priorities, especially self-employed business owners. However, unlike individuals who work as employees for an employer, business owners actually have the "luxury" of … [Read more...] about Taxation Benefits of Incorporating
LLCs and C Corporations: Similarities and Differences
Limited Liability Companies (LLCs) and corporations both afford limited liability protecting to the owners of the company. This article looks at the similarities and differences between these two business entities. Similarities Between LLCs and C Corporations 1. As Legal Entities Both are separate legal entities that are created by a state filing. 2. Both offer the … [Read more...] about LLCs and C Corporations: Similarities and Differences
5 Common Mistakes with LLC or Corporation
A business entity can provide personal liability protection for its owners. The problem is that many people start business without proper instruction on how to run and manage agreements between parties, agreements with customers, internal paperwork, cash controls, voting rules, state and Federal reporting requirements and a host of other issues. In fact, we have found … [Read more...] about 5 Common Mistakes with LLC or Corporation