You’ve probably Googled “LLC vs sole proprietor” at midnight after a client asked for a W-9, or after someone on Twitter ...
While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.
Taxation is one element to consider when choosing a business structure for your company. One unique aspect of Limited Liability Companies (LLCs) is your ability to decide how they will be taxed. That ...
As small businesses grow, or before they launch, owners must make decisions regarding their formal organizational status. While many entrepreneurs start with the simple DBA (Doing Business As) status, ...
If you own a small company, you may be considering structuring your business as a limited liability corporation or LLC. LLCs are seen as a favorable entity type by many business owners. The “limited ...
When you have valuable assets, significant costs or debt, or the possibility of someone getting hurt, a limited liability company (LLC) could help shield you from liability. Additionally, it can also ...
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As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to ...
When running a small business, an important benefit for yourself and your employees is health insurance. A medical expense reimbursement account is one advantageous way for your employees to pay for ...
Starting a business is a big decision and choosing the right business structure is a crucial step in the process. With a range of options from LLCs to corporations, partnerships, and sole ...