Imagine going to a tasty buffet restaurant with a large selection of soups, salads, meats, and desserts. This variety is similar to the choices available to entrepreneurs looking to dive into small business ownership. Each business structure option offers something unique, and there are certain factors to weigh when making such an integral decision. RELATED: Choosing the … [Read more...] about Factors to Consider When Choosing a Small Business Structure
Sole Proprietorship
Choosing the Legal Structure of Your Business
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
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 Convert a Sole Proprietorship to an LLC
QUESTION ON How to Convert a Sole Proprietorship to an LLC I currently have a business structured as a sole proprietorship. I work full-time and my husband runs the business. How do I know when to convert from a sole proprietorship to a corporation or an LLC? We currently have two helpers that we are paying as independent contractors but we are getting more business and may … [Read more...] about How to Convert a Sole Proprietorship to an LLC
How to Change Business From Sole Proprietorship to an S-Corporation
QUESTION ON How to Change Business From Sole Proprietorship to an S-Corporation Hi. I am planning to open a retail store next year and have spent some money on researching the idea, location, etc. I plan to form an S Corp when the store opens, but would like to know if it makes sense to file a sole proprietorship in the mean time so I can write off the expenses this tax … [Read more...] about How to Change Business From Sole Proprietorship to an S-Corporation
Converting from a Corporation to Sole Proprietorship
QUESTION ON How to Convert a Corporation to Sole Proprietorship Hi! I had recently purchased a small business which was structured as a Corporation by the previous owner. I have determined that it would be more beneficial for myself and the business if I change the structure to a Sole Proprietorship but I have no idea what I'll have to do to get that done or where I'll have … [Read more...] about Converting from a Corporation to Sole Proprietorship
