Business Formation
There's more than one way to set up a business officially. Learn the differences between business types so you can pick the one that's right for you.
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Advantages of an LLC
Here are six of the reasons that limited liability companies have become a popular choice for small businesses.
· 3 min read
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Advantages and Disadvantages of LLC vs. LLP
LLC or LLP? The initials are nearly identical, but there are important differences between them as forms of business organization.
· 4 min read
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Adding Partners to an LLC
To add a member to an LLC, you must generally follow the operating agreement or state law, though there are additional considerations, including tax concerns.
· 3 min read
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Single-Member LLC vs. Multi Member LLC
When choosing between a single-member LLC and a multiple-member LLC, it is important to understand the benefits and drawbacks of both options. Learn which entity is right for you.
· 7 min read
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How to Place Property in an LLC
Whether you own rental property or are setting up a new business, you may want to transfer some of your personal assets to an LLC to pull out equity for liability protection.
· 4 min read
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How Do You Name Your New LLC Business?
It’s worth the extra effort you’ll need to put into finding a name that’s a good fit for your new start-up. The right name will do more than just serve as a way to identify your company; it will also provide you with the base from which to build your brand and reputation.
· 5 min read
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Getting Paid: How to Pay Yourself from Your LLC
When you form an LLC, you likely need to receive an income from the business. Here are several options available for setting regular payments to yourself.
· 3 min read
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Could You Turn Your Business into a Nonprofit?
Thinking about converting your for-profit business into a nonprofit? Find out why you might want to make such a change, and how to go about it.
· 4 min read
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Common Limited Liability Company or LLC FAQs
A limited liability company, or LLC, is a type of business structure that offers the liability protection of a corporation with more flexibility in the way the business is managed and taxed. Because of this legal and tax flexibility, LLCs are a popular choice for small businesses.
· 13 min read
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Are You Self-Employed or Do You Have a Business?
While the terms self-employed and business owner seem interchangeable, there are differences and you can determine which one you are by learning the unique characteristics and limitations of each.
· 4 min read
