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 […]
Small Business Owners FAQ: Do I Need an EIN?
A lot of small business owners ask this question. The answer is given away by the name, but you have to know what the initials stand for. EIN means employer identification number. With that in mind, it becomes clear that this number is only for employers. So the real question you have to ask yourself […]
5 Important Phases of Incorporating in the State of California
Small business owners are often enticed by the tax and liability benefits of incorporating a business. However, going from a sole proprietorship to a corporation may seem like a daunting task. Here are 5 important phases involved in setting up a new business as a corporation in California. Choosing the Company Name. You need to […]
