Forming a C corporation was once the only way the owner of a small business could shield himself from the debts and liabilities of the company. Other forms of ownership, such as limited liability ...

I routinely ask my clients what kind of business entity they are operating under. Many tell me they have an LLC, an LLP or a PLLC. I then ask them how that entity has elected to be taxed under the ...

Limited liability companies (LLCs) and S corporations are all the rage nowadays, and with good reason. Most of the time, starting a traditional C-corp doesn’t make sense for the modern business owner.

When forming and operating a startup, entrepreneurs face some critical tax issues. By paying attention to these issues, ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. For many businesses, the best option is to file as a ...

I blame Stranger Things for kicking off this recent wave of 80’s nostalgia. And while like most people my age, the show’s references to Ghostsbusters and New Coke brought me back to a happier time, ...

Business entity types are generally split into two categories: Informal associations and formal associations. Informal associations (i.e., partnerships and sole proprietorships) are easily created ...

A corporation is a business entity that allows a business owner to shift liability away from his personal assets. Although a corporation can have a single owner, it exists as a wholly separate entity ...

S-corps and C-corps have very different pros and cons when it comes to taxes, formation and who the owners are. Many, or all, of the products featured on this page are from our advertising partners ...

Limited liability company (LLC) or S corporation (S-corp)? What do these business structures mean? As a business attorney, I always get the age-old question as to which one is best for you as a ...