You have many options when it comes to choosing a structure for your business. Two of the most popular options include the limited liability company (LLC) and the S Corporation (S Corp). These two business entities have many similarities although it’s important to understand the differences and how they will affect your taxes, business management, […]
Getting a new business off the ground is challenging enough, but it can feel downright overwhelming when you consider the legal ramifications. While not every startup needs to take the step of incorporating or forming an LLC, it’s a good idea if your business will expose you to risk or you want to approach certain […]
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.