Misconceptions Regarding LLC Formation for Small Businesses
Your business formation is an essential component of any new startup. You don’t want misunderstandings to cause you to choose the wrong formation type. Here are a few common misconceptions about setting up a small business as an LLC. Misconception 1: It’s easy – Don’t get us wrong, it is doable. However, it is not […]
Is a Partnership the Right Business Formation for You?
When you first start a company, you can choose from all sorts of business formations, such as a sole proprietorship, a partnership, or even a corporation. If you decide to form a partnership and have a co-owner in the business, there are some important reasons to have the partnership agreement drafted professionally. Here are a […]
Reminders for Those Thinking of Starting a Business Partnership During the Pandemic
Working remotely or running an online business has become more commonplace than ever since the pandemic left many of us stuck indoors for over a year. While the lockdowns are ending, many have discovered that they like the autonomy of working from home. If you are thinking of starting your own online business, here are […]
4 Reasons to Set Your Small Business Up as a Corporation
When you are forming a new startup, one of the considerations is whether you should incorporate. Let’s take a look at some of the reasons you may decide this is a smart move for your small business. Tax savings – A sole proprietor will pay 15% in self-employment tax on all taxable income. Therefore, you […]
How to Find the Best Attorney for Your Small Business
From business formation to contracts and agreements to intellectual property protection, there are many reasons for small business owners to have an attorney. How can you hire the right firm? Here are a few things to look for: A focus on small businesses – Law firms have varying specialties. You want a firm that specializes […]
Does Your Small Business Require an EIN?
When someone is starting a small business, this is one of the questions that always comes up. What is an EIN? It stands for Employer Identification Number. The name makes it seem pretty simple. If you are an employer (i.e., your company has employees), then you need it. However, there are also other situations in […]