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S Corporation or LLC

A company attains an S-Corporation standing by electing to be taxed as a sole proprietorship or as a partnership company. This status is attained after completing the formalities laid down by the Internal Revenue Service. Many small businesses adopt the S-Corporation position because profits and losses are then appended to the investors or shareholders’ individual […]

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Why an LLC

Are you having second thoughts about establishing a Limited Liability Company? Here’s some food for your thought, which hopefully will quell your doubts.

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Forming a LLC

If you do your homework well, following through the formalities of forming a LLC will not be tedious. The steps that you need to follow while forming a LLC are:

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LLC

Creating a LLC

Creating an LLC or limited liability company is one of the popular forms of business registration in the United States. Creating an LLC is possible to do without having to hire a lawyer although most experts advise that it is always in a company’s best interests to get good legal and financial advice before making […]

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LLC

Limited Liability Company

The major feature of a limited liability company is that it limits the liability of the owners to the extent of their equity while excluding the personal liability from the general debts and other obligations of the company. This is unlike other forms of business ownership like a sole proprietorship in which the owners assume […]

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LLC

Setting up a Limited Liability Company

To set up an LLC or limited liability company is one of the major decisions that any business or company can undertake. This form of business registration has a lot of implications for the operation and management of the company and can ultimately contribute to its success or failure. But the first thing any business […]

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