The limited liability company (LLC) is an extremely popular entity type, especially for small businesses. And it’s no surprise why: the LLC offers a lot of flexibility and a corporate veil. Not …
What Is an LLC Operating Agreement?
Whenever you drive to a new location, a road map is a necessity. Without it, you risk making a wrong turn or getting lost. The same goes for new businesses ― you need instructions that will guide …
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General Partnership vs LLC: What’s the Difference?
Starting a business is no easy feat, so many people decide to do so as a team effort. If they do, they have to pick an entity type. Two common choices for entrepreneurs looking to form a business …
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Professional LLC vs Regular LLC: What’s the Difference?
If you’re looking to form a limited liability company, you should check with your state to determine whether you’re allowed to form a standard LLC. Many entrepreneurs don’t even realize that there …
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Professional Corporation vs Corporation: What’s the Difference?
Do you need to form a business entity for a certified professional? Certain types of professions — typically including doctors, engineers, lawyers, accountants, etc. — cannot form traditional …
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What Is Corporate Income Tax?
Nobody loves paying taxes, but they’re inevitable, and if you want to continue doing business as a corporation, you need to pay them. Not paying taxes could cost you your good standing, and if you …