Don’t Make These Mistakes When Forming Your New Business
Forming a new business can be a daunting task, especially if you want to create an LLC instead of a sole proprietorship. While there are plenty of benefits, you need to watch out for some potential pitfalls if you want to attain those advantages. Here are a few mistakes to avoid: Thinking it’s too difficult […]
How to Maintain Your Small Business’s Corporate Status
There are many benefits that can be derived from incorporating a small business. For one thing, you get protection for your personal assets by separating them from your business. You also get a number of tax benefits, including deductions that can only be taken by corporations. But these benefits only continue as long as you […]
Is an LLC the Right Business Formation for Your New Company?
If you have an idea for a small business, you may wonder whether it is worth it to form an LLC or if you should just make it a sole proprietorship. First, let’s address what an LLC is. It stands for Limited Liability Company. It is a legal structure that allows you to be a […]
What Is an S Corporation (and Is It for You)?
Incorporating can have some great benefits for a small business owner. However, it is important to understand the different types of corporate formations and whether or not they will meet your personal business needs. Here are some things you should know about an S corp. What Is an S Corporation? Organizing your business as an […]
3 Reasons to Incorporate Your Small Business
When you start up a new business, you have a number of business formation options. Small business owners choose a sole proprietorship since it is the easiest to set up. However, there are several big advantages to incorporating. Here are three reasons to consider it. Tax savings – Self-employment tax is basically a double tax […]
5 Reasons to Incorporate Your Small Business in California
As a small business owner, you have a lot of options when it comes to business formations. Sure, you can operate as a sole proprietor and save yourself a little paperwork on creating a corporation, but what about all of the benefits you are missing out on? Here are 5 reasons to incorporate your small […]
