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 ...

One of the most significant considerations when choosing a business structure for your company is: “Will it give me the most favorable tax outcome?” And the entity type you select impacts how the IRS ...

David Straughan is a content manager and veteran journalist who specializes in the automotive and finance industries. He combines rigorous data analysis, exhaustive research and conversations with ...

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, ...

The Limited Liability Company (LLC), a hybrid of the partnership and the corporation, has become a popular legal alternative for business owners. Now available in almost all states, the LLC combines ...

Limited liability companies (LLCs) are a relatively new entity in American law. Wyoming was the first state to enact provisions for LLCs in 1977. LLCs combine principles of partnerships with the ...

Dana Miranda is a Certified Educator in Personal Finance, creator of the Healthy Rich newsletter and author of You Don't Need a Budget: Stop Worrying about Debt, Spend without Shame, and Manage Money ...

When launching a new business, one of the most critical decisions you'll face is selecting the appropriate legal structure.

A common question we receive from founders is whether to organize their start-up business as a corporation or as an LLC.[1] While there are many non-tax-related factors that need to be considered, ...

When first investigating how to start a business, you may be unsure of the various business classifications and overwhelmed by which one to choose for your company. Along with looking into things like ...

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

A common question we receive from founders is whether to organize their start-up business as a corporation or as an LLC[1]. While there are many non-tax related factors that need to be considered, ...