When forming a legal structure and comparing an LLC to a corporation, a common conversation is regarding requisite corporate compliance. That is the statutory...
Tax Elections and Default Classifications for Eligible Entities
There are three possible federal tax classifications for U.S. business entities: Disregarded Entity; Corporation; or Partnership Depending on the legal structure of your business...
A "capital contribution" is a contribution of money (cash) or property (assets) to a business in exchange for an equity ownership interest. Each business...
Having difficult discussions, especially in the work place is never enjoyable. If not well planned you may walk away wondering “how was it received?” “what...
Do I need a business license or D/B/A to do business?
Many business owners operate under a less formal organizational structure as a sole proprietorships or general partnerships. However, they often do not realize that...
Selecting a Legal Structure for your Business: LLC, LLP, S-Corp …?
What is a legal structure ? A legal structure (sometimes referred to as an entity or business structure) is the legal formation of a business entity...