Browsing Tag
form an llc
9 posts
3 Dangers of an Unincorporated Business (and How Incorporation Can Resolve These Problems)
Often, one of the first pieces of advice an entrepreneur receives when they start a business is to incorporate or form a limited liability company (LLC). When you incorporate a business, you are able to select an entity formation that provides structure to the business. This ultimately impacts everything about the company, from how much...
5 Reasons Why You Should Form an LLC for Your New Business
Many entrepreneurs initially start a business as a sole proprietorship instead of a limited liability company (LLC). Why do they pick this entity? Forming a sole proprietorship allows entrepreneurs to exercise total control of the business. It’s also affordable to form and getting started requires little paperwork. However, the drawback is that sole proprietorships do...
Which Legal Entities are Best for Main Street Businesses?
As local storefronts prepare for Small Business Saturday tomorrow, entrepreneurs with an unincorporated business may be considering forming a legal entity. We’re in favor of this decision, especially since incorporated businesses are able to establish credibility quickly with consumers. However, many entrepreneurs may feel confused when it comes to business formation. Limited liability company or...
Ready to Become an Entrepreneur? Ask These 5 Questions First
Entrepreneurship, to an outsider looking in, may appear exciting and glamorous. Business owners get to set their own schedules, work at their own pace and follow their dreams. It’s so appealing that many envious individuals (with an idea and an entrepreneurial mindset!) may feel like it’s time to ditch their 9 to 5 jobs and...
Which Entity Should You Incorporate Your E-Commerce Business As?
You’ve drafted a detailed business plan, identified your unique selling proposition (USP), and defined your business model. It’s almost time to launch your e-commerce business! Before you open your virtual doors and begin taking orders, however, you’ll need to structure your business by incorporating or forming an LLC formation. Why do businesses, whether they are...
What Do Freelancers Need to Know About Incorporating?
In 2018, a survey from Upwork in partnership with the Freelancers Union revealed the state of freelancing in the United States. Given the continual rise of freelance work, it wasn’t completely shocking to see that the future of freelance is increasingly on the up and up. Last year, 56.7 million Americans were freelance workers, a...
Ready to Choose Your Business Structure? Entity Formations and Which One is Right for You
Incorporating is generally one of the best things a business can do to set itself up for success. However, entrepreneurs new to the process might feel overwhelmed by the options when it comes to business structure. Should you form a corporation or an S corporation? What’s the difference between a corporation and an S corp,...
Hidden Startup Costs Entrepreneurs Should Know About
While it's ideal to start a business with extra financial cushion, this isn't always realistic. There will always be certain expenses you’re prepared to anticipate, like filing taxes and incorporating or forming an LLC, but others might creep up and surprise you. Wait, you have to pay a fee just for filing an application? Permits...
Can Personal Assets Still Be at Risk, Even With an Incorporated Business?
For nearly 20 years, our company has helped entrepreneurs and small business owners to incorporate or form LLCs for their businesses. Since this is something we specialize in, we have grown accustomed to spreading the word about the benefits that come with incorporation. One of the biggest benefits to incorporating your business is personal asset...