Limiting Your Personal Liability
What exactly is “limited liability” and why is it important? If you run your business as a sole proprietorship, from a legal perspective, there is…
What exactly is “limited liability” and why is it important? If you run your business as a sole proprietorship, from a legal perspective, there is…
An S-corporation is a tax election that an owner can make under Subchapter S of the IRS Code. If an S-corp election is made, corporate…
A sole proprietorship is a single individual or couple doing business alone. How It’s Formed: If there is just one owner of the business, a…
A limited liability company (“LLC”) is a formal business entity made up of members (members can be individual people, corporations, other LLCs, or foreign entities)…
A corporation is a legal entity that is distinct from its owners. How it’s Formed: The business owners form the corporation by filing a certificate…
Once you have decided on which business entity to form, you will need to file business formation documents with the appropriate state or territory office.…
Employers are required to comply with all applicable employment laws and regulations. This includes verifying eligibility of employment, paying at least minimum wage, withholding taxes…