Part of keeping your home-based business legal involves choosing the legal structure for it: sole proprietorship, partnership, or corporation. Aside from being necessary for government reporting and tax purposes, this can enable your business to operate more efficiently. Since each legal form has its own unique characteristics, your goal is to choose the form that works best … [Read more...] about Choosing the Legal Structure of Your Business
Corporation
When to Change Your Legal Structure
Starting a business entails the selection of the legal format of the organization-to-be. You can either choose to 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 legal structure you choose will determine how much paper work you will have to do, how … [Read more...] about When to Change Your Legal Structure
How to Choose the Right Incorporation Service
So you have taken the first step to opening your business and you have decided to make it a Corporation or Limited Liability Company. There are many companies out there that offer incorporation services, so how do you know which one is the right one for you and your business? These nine steps will help you make an informed decision about the incorporation company you choose, … [Read more...] about How to Choose the Right Incorporation Service
How to Change from Sole Proprietorship to Corporation
QUESTION on How to Change from Sole Proprietorship to Corporation Hi! I had recently formed a sole proprietorship which I want to restructure as a Corporation. I have determined that it would be more beneficial for myself and the business if I change the structure to a corporation but I have no idea what I'll have to do to get that done or where I'll have to go. Also, we … [Read more...] about How to Change from Sole Proprietorship to Corporation
How to Limit Liability and Gain Tax Advantage for Corporations
QUESTION ON How to Limit Liability and Gain Tax Advantage For Corporations I have three small business operating as corporations and my objective is to find the best protection -- e.g. limit liability -- and gain tax advantage. My question, firstly is whether I can open up a parent holding company, a LLC, (can a holding company be an LLC?) which will then own the three … [Read more...] about How to Limit Liability and Gain Tax Advantage for Corporations
