25% of Americans thought about starting a business during the coronavirus pandemic, while 64% of them have taken action, according to LendingTree. However, for those who are still in the very beginning of their business ventures (or who are still only thinking about starting a business), making those initial first-step decisions — such as choosing the right business structure — … [Read more...] about A Brief Overview of Business Structures — Which is Best for Your Business?
Limited Liability Company (LLC)
Types of Business Entities and Its Pros and Cons
Before starting a business, we need to understand how a typical business runs. One of the key concepts to understand is the business entities. It is how your business would be organized and controlled with your desired business structure, from which it will be determined whether you want it to be run by yourself alone, or with the cooperation of several partners. Each … [Read more...] about Types of Business Entities and Its Pros and Cons
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 Form a Real Estate LLC Successfully
Real estate LLCs open up numerous doors for investors. When investors like yourself form LLCs for their real estate ventures, they avoid personal liability. After all, any claims made against them are actually against their businesses. Moreover, investors have the opportunity to start an LLC for each, individual property that they own. In turn, you can separate your profits … [Read more...] about How to Form a Real Estate LLC Successfully