LLC

Business Entity Types 101: Is It Time to Rethink Your Business Structure?

A lot is riding on the business entity type you choose. The business structure you decide on affects your legal liability as an owner, tax obligations, growth potential, and compliance requirements you’ll need to satisfy on an ongoing basis. To make matters more complex, the entity type that’s right at the beginning of a business’s …

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5 Things to Know About the Upcoming S Corporation Election Deadline

The new year is moving along swiftly. Martin Luther King Jr. Day has passed, the Grammys have come and gone, and many a person has already given up on their well-intended New Year’s resolutions. Fortunately, if requesting S Corporation tax treatment for your business in 2020 is on your list of resolutions, there’s still time to …

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Starting a Business in Your 40s? How to Choose the Right Legal Entity

Have you heard that the forties are the new twenties for entrepreneurs? The American Economic Review from the American Economic Association reveals that while observers believe younger individuals are likely to start successful new ventures, new data is revealing the contrary to be true. Today’s most successful entrepreneurs are actually middle aged. The average age of …

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Should You Incorporate as a Sole Proprietor or LLC?

Is there such a thing as a right or wrong entity to form when first incorporating your business? Personally, I don’t think so as long as you do make it a point to incorporate. Many entrepreneurs will usually pick a sole proprietorship or a limited liability company (LLC) as their entity of choice. If you …

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8 Mission-Critical Legal Tasks to Tackle After Incorporating Your Business

Filing your business formation paperwork with the state is a big first step in getting your new business up and running. But that’s just the beginning. After you have officially incorporated your business or formed an LLC (Limited Liability Company), you need to tackle a variety of tasks to make sure your company is legally …

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