Business Entity Decision

Every year, when tax time comes around, clever thieves think up new ways to trick well-meaning and innocent people out of their hard-earned money. Some of the scams are as old as the hills, just updated using new technology, and some are truly original. But armed with a little knowledge and a lot of common [...]

The term “white collar crime” was first used by sociologist Edward Sutherland in 1939, when he described it as “a crime committed by a person of respectability and high social status in the course of his occupation.” Since then the term has been further defined as a financially motivated, non-violent crime conducted by business or [...]

A “Doing Business As” name, also called a DBA, is used to differentiate a business name from your personal name, names of your partners, or an officially registered name of an LLC or corporation. These names are also frequently called assumed or trade names. DBAs are filed with the state in which the business is [...]

While you may not want to be disregarded in your personal life, there are times when it might be smart to designate your business as a Disregarded LLC. A Disregarded LLC, also called a Disregarded Entity, is a limited liability company (LLC) owned by an individual. LLCs are typically partnerships with liability protection. Unless the [...]

An S corporation is a unique corporate entity created by the rules of the Internal Revenue Code. Operating as an S corporation gives owners of the company both legal and taxation benefits. To qualify as an S corporation, the company may have no more than 100 shareholders, all of whom must be citizens or resident [...]

Deciding what type of business company structure is best for your small business can be as complicated as it is important.     Most business owners have two main goals when choosing a structure for their business: protecting their personal assets from claims and having the ability to have their business profits taxed on individual tax returns. [...]

When starting a business or changing the formation of your business structure, one of the most common options small business owners evaluate is whether to form an S corporation or a C corporation. These are the two most common ways to incorporate, and the choice will depend on your current and future business goals. C [...]

This is the question for a growing number of small business owners.  Determining whether to form an LLC, corporation, partnership, or sole proprietorship is always a key decision for the small-business owner. An LLC (limited liability company) is by far the most popular organization structure for small businesses with the exception of sole proprietorship. The [...]

Just starting your business?  Have you selected the right entity?  Choice of entity is a crucial first step for business formation. The right decision can pave the way for success. The wrong decision may cause you unnecessary accounting challenges. It can also contribute to diminished returns or even your business’s failure.  In fact, choosing the [...]