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incorporate a business

15 posts
incorporation
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Which Entity Should E-commerce Businesses Choose for Incorporation?

Should an e-commerce business file for incorporation? The short answer is yes. It is possible to run an e-commerce business as an unregistered entity. This is a default business formation known as a sole proprietorship. Entrepreneurs can start and run businesses structured as sole proprietorships particularly if the business is one with limited growth potential...
entities for incorporation
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Ready to Exit Sole Proprietor Status? Consider These 4 Entities for Incorporation

A new year means a clean slate for business. If your business is still in sole proprietor status, now is the perfect time to start thinking about incorporating as a registered entity formation. What registered entities should entrepreneurs incorporate as? Here are a few popular options for entrepreneurs planning to exit sole proprietor status. Limited...
LLC or PLLC
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Should Entrepreneurs Incorporate as an LLC or PLLC?

Entrepreneurs who choose to incorporate as a limited liability company (LLC) may pause when they realize there is a secondary option available known as a professional LLC (PLLC). What is a PLLC? How does it differ from an LLC? Which is the best option to incorporate a business? Let’s explore the differences between the entities...
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5 Emerging States to Incorporate a Small Business in 2022

Which states are best for incorporating a business? Many entrepreneurs are asking themselves this question as they work on getting their small businesses ready to launch. In previous years, we might have defaulted to answering with the typical lineup of corporate darlings. However, nearly two years into the COVID-19 pandemic have revealed several emerging states...
launch
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When is the Best Time of Year to Launch Your Business?

Is there such a thing as the “best” time of year to start a business? There are 30.2 million small businesses in the United States, according to the U.S. Small Business Administration (SBA). While these businesses certainly didn't start up at the exact same time, I do wonder if there are certain times of year...
freelance business
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3 Ways to Protect Your Freelance Business

What does the state of freelancing look like in the U.S.? According to a report from online freelance marketplace Freelancer, freelance job openings increased over 25% between the months of April through June 2020. This study revealed that, in a COVID-19 landscape as well as post-COVID landscape, the state of work and how we work...
startup costs
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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...
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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...
incorporating
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What is the Best Type of Business Entity for Your Home Based Business?

Solopreneurs of the world, unite! This year, FlexJobs released “The State of the Remote Job Marketplace” report that outlined what the current remote work industry and its workers looks like. Nearly four million workers, 3.9 million to be exact, in the United States spend half of their time working from home, totaling 2.9 percent of...
accounting
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Accounting Errors Small Business Owners Make in the First Year

I’ve worked in accounting my whole career, so I can say this without shedding a tear: hardly anybody starts a business because they love balancing books. (Some of us do, sure, but we’re the minority). Accounting is a necessary evil and, when put up against all the other demands of getting a business off the...
Incorporating a Business
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Incorporating a Business: Where, When and How

Incorporating a business is not synonymous with “incorporating a business in Delaware,” yet many businesses do incorporate in Delaware. In fact, according to Delaware’s official website, it consistently ranks among the top five states for entity formations (Florida, California, New York and Texas being the other four). The state also leads in out-of-state incorporations, that is, when...