Browsing Tag
C Corporation
7 posts
How to Become Incorporated and Why to Incorporate Your Business
On your small business journey, you will encounter many forks in the road. Choosing the right direction for your company as it matures may seem daunting at times. One of the “forks” you must consider is whether or not to move your business from its default sole proprietorship status to another type of legal entity....
Learning the Ins and Outs of Business Entity Formation
Throughout my career, I have received many questions around business entity formation. There are many different types of business entities, including partnerships, professional organizations, sole proprietorships, corporations and limited liability companies. I have often noticed a misconception of how and where entities are formed, so let’s take a few minutes to learn the ins and...
To Incorporate or Not? The Many Small Business Structures
To incorporate, or not? It’s a perennial topic that has plenty of surrounding myths. As with so many things, there isn’t one right answer. Entrepreneurs, especially those who work solo, have choices. There are three main types of corporate organization in the United States: sole proprietorship, partnership and corporation. There are nuances based on federal...
Why Your Corporate Structure Matters More than You Think
When you’re in the process of legitimizing your startup, it’s easy to get swept up in the jargon and not fully understand the difference between the entities. You might be familiar with LLCs and corporations, but what about everything else that comes after that like the B Corp., C Corp. and S Corp.? What’s the...
Business Structures: The Facts & Figures
What business structure should you choose? Although there a lots of very important questions that a business owner, or owners, must ask when starting a business, perhaps of one of the most important is: How should I legally structure my business? In general, there are three principal considerations when choosing a business structure: (1) liability,...
Avoid the Top 4 Startup Mistakes When Incorporating
During the initial months of the year, savvy entrepreneurs rush to incorporate their businesses. And with good reason, a corporation or LLC is essential to protecting one's personal assets from any liability of the company. After all, if you're sued as a sole proprietor or partnership, you're sued personally - and that puts your personal...
Business Financing and Structure
One of the most important, and yet the least understood part of your business financing is how your business will be structured. You can choose one of six options: Sole Proprietorship, General Partnership, Limited Partnership, Limited Liability Company, C Corporation or S Corporation. You will find that each of these differ to the degree of...