Corporations are treated as separate entities under the law. They generally have the capacity to perform the same types of functions that individuals perform including entering into contracts and promulgating or defending lawsuits. The primary incentive for forming a corporation is to grant limited liability to its owners. One common misconception among the business community […]
Corporation
Basics of Business Structure: Choosing the Right Entity for Your Biz
So you’re starting your own business and contemplating which business structure to give it. One way to make this determination is to think about the relationship you want to have with your business partners, investors, employees, vendors and, perhaps most importantly, customers (or clients). Here are some basics to help you make that decision, depending […]
What Entity is Right for You and Your Business?
Starting your own business can be both challenging and rewarding. You want to make sure you get off on the right foot by choosing the type of entity that’s right for you and your business. To help you make the best possible choice, here are some factors to consider along with which business entity might […]
When is a Corporation Not a Corporation?
Most taxpayers are aware that an organization must submit papers to a state official, usually the Secretary of State in order to obtain a corporate charter and file an 1120 tax form as a corporation. However, one must meet all the IRS requirements for corporate status in order to file as a corporation. First, some […]
Which Business Entity Type is Right for My Small Business?
Should I opt for an LLC? Or would an S corporation suit my needs better? What about the C corporation? These questions are asked so often by entrepreneurs. That’s because many start out as either sole proprietors or in partnerships, and there comes a time when it’s appropriate—and more beneficial—to establish a formal entity structure […]
LLC or Corporation: What’s Better?
Many entrepreneurs just starting a business or considering changing their current business’ structure come to us wondering: What’s the difference between an LLC and Corporation? Which one is a better option for me? It’s an understandable question, and an important decision to make for the success of your business. This post will explain what you […]
