The Importance of Maintaining Your Company’s Corporate Status
If you have incorporated your small business, then you no doubt understand many of the benefits that come with maintaining corporate status. For example: Your business and personal assets are kept separate Various corporate structures have different tax benefits Corporations can take additional expenses as deductions Adds credibility to your business However, it is important […]
Is It Possible to Split from My Business Partner?
A partnership can sometimes be one of the trickiest business formations. After all, no matter how similar your vision for the future of the company, no two people will ever have the exact same ideas on how to get there. Consider the following scenarios where two people may want to get out of a business […]
How Difficult Is It to Fire an Employee from a Corporation or LLC?
If you are a small business owner, even if you are operating the company as an LLC or another corporation type, you realise the importance of hiring quality employees who will increase business profits. If you have a problem employee who just doesn’t fit in with your business model, how difficult is it to let […]
Why You Should Consider Making Your Business an LLC
If you are starting up a new business, you probably realize that you have a number of options as far as how to organize the company. We’re going to take a closer look at an LLC, and why it may be a good option for your enterprise. What Is an LLC? LLC stands for limited […]
Advantages and Disadvantages of Forming an S Corporation
If you are ready to incorporate your business, one of the business formations you are likely considering is the S corporation (sometimes shortened to S corp). What is an S corporation? What are the advantages and disadvantages of using this particular type of business setup? Let’s take a closer look at how S corps work. […]
5 Steps to Selling Your Business in the State of California
If you are looking to sell your small business in the state of California, here are a few things you need to consider. #1 Proper Valuation of the Business Before you can sell your company, you need to have a general idea of what it is worth. It’s going to come down to things such […]
