7 Reasons a Startup Should Not Be an LLC
BY Admin | July 31, 2017You may have heard that limited liability companies (LLCs) are excellent business structures because of their many benefits, including simplicity, certain tax advantages, asset protection. It is true that LLC benefits can be a perfect combination for some businesses. However, an LLC will not work for every startup, and business owners should not assume that…
FAQs About S Corporations
BY Admin | July 25, 2017There are two types of corporations—C Corporations and S Corporations. When most people think of a corporation, their mind automatically goes to a traditional C Corporation, although they may not realize it. While both entities are remarkably similar, they have some significant differences as well. If you are starting a business, you may want to…
Choosing Your Business Structure: S vs C Corporations
BY Admin | July 17, 2017Choosing the right structure is extremely important to your business, and it matters for asset protection purposes as well. Once you have decided to go with a corporation, you still need to decide whether you want to organize as a C corporation or an S Corporation. There are some important differences that you need to…
5 Ways the Corporate Veil Can Protect You
BY Admin | June 30, 2017Limited liability companies (“LLC”) and corporations are useful asset protection tools because they are both entities that exist separate and apart from their owners. They offer personal asset protection and an array of other benefits, which is why many people use them as wealth planning or asset protection tools. This separate entity and related security…
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