LLC's Archives

Choosing Between an LLC vs. S-Corp – Pros and Cons

By Martin Eckler | Aug 29, 2023

Starting a business comes with many tasks to handle and many decisions to make. In the early stages, one of those decisions is the type of business entity to form. You’ve probably heard of the most popular, but you’ll still have choose between an LLC vs. S-Corp, both of which have pros and cons. Here…

Thinking of Forming an LLC? 4 Big Benefits

By Martin Eckler | Aug 24, 2023

a team of entrepreneurs forming a business

If you’re starting a business and considering forming an LLC (limited liability company), you should know that you’ll be in good company. Many well-known companies are structured as LLCs because of the benefits they offer. Here we’ll discuss those benefits and surprise you with some well-known LLCs. Benefits of forming an LLC Personal Liability Protection…

The Importance of Choosing the Right Business Structure

By Nellie Akalp | Dec 13, 2022

Ask why you need a formal business structure when you start a business and the answers are usually straightforward. For some, it’s a need to separate personal assets from the business; for others, it’s a desire to lower overall taxes or be viewed as a more credible business.

What Every Entrepreneur Needs to Know About Liability

By Nellie Akalp | Sep 16, 2013

While it’s true that some businesses are inherently riskier than others, all business owners (including freelancers) should be familiar with potential liability issues and what they can do to minimize the risk.

After LLC Formation, What’s the Next Step?

By Jason White | Aug 8, 2013

After you form a limited liability company, the first thing you should do is draft an operating agreement. And if you’ve already formed a limited liability company or you’ve already formed any kind of entity, you want to draft the equivalent of an operating agreement, as an internal document among co-owners.

Retirement Plans for the Small Business Owner: The SIMPLE Plan

By Ted Jenkin | Jul 19, 2013

Since there are so many people setting up individual LLC’s or home based side businesses, you need to keep a close eye out this time of year for setting up one kind of retirement plan, a SIMPLE IRA. The deadlines are just around the corner in the next few weeks, so could this be the right type of retirement plan for you?

Protect Your Family & Your Business with the Right Legal Entity

By 1800Accountant | Jul 12, 2013

It’s common to think, “I’ll wait until we grow some before I spend the money to form a corporation or LLC.” But delay in selecting the right legal entity when starting a small business can wind up costing a lot of money in higher taxes, as well as creating a potential legal disaster for the entrepreneur’s family.

The Right Way to Go into Business with a Partner

By Deborah Sweeney | Jun 25, 2013

Starting a business up with a partner is a great idea—not only does a business partner effectively halve the staggering amount of work that comes with forming a new company, but having a partner also means having someone to talk to and bounce ideas off of.

Lower Your Business Taxes with an LLC, or Too Good to be True?

By Bill Wortman | Jun 13, 2013

Many entrepreneurs decide to form an LLC in order to protect their personal assets from seizure by a bank or lender, but there are several tax advantages that incentivize LLC formation as well.

Avoid Penalties and Fees: How to Keep Your Business in Compliance

By Nellie Akalp | Jun 3, 2013

For a small business, the number of filings required in a given year can be overwhelming, taking much needed time away from growing your business into a success. This may seem like trivial paperwork, but it’s actually pretty important.