LLC Archives

Starting a Business with a Partner? Here’s What You Need to Know

Opportunities to start a business can happen at any time, even during a pandemic. Amid COVID-19, many individuals spent their time in quarantine practicing a side hobby or developing a new offering that meets the...

byDeborah Sweeney

July 13, 2022

How to Form an LLC in Michigan

Starting a business is an exciting journey. For many entrepreneurs, starting a business is their chance to take their product to market, to become part of their local communities and to start making income from...

byJames Gilmer

March 2, 2021

LLC or Corporation: Which Entity is Best For My Business?

Two of the most popular entity formations for business incorporation are limited liability companies (LLCs) and corporations. Both entities provide startup owners with certain benefits, and one of the biggest benefits is limited liability. This...

byDeborah Sweeney

January 19, 2021

10 Tools to Kickstart Your Freelance Operation

Making the decision to freelance is a big one. It requires some serious determination, entrepreneurial spirit and a whole lot more that you might not have initially considered. Things like tax forms, software and a...

byKim Walsh

April 6, 2020

How to Foreign Qualify Your Startup to Do Business in a Different State

What happens when a small business has incorporated in one state, but wants to obtain the authority to do business and conduct operations outside state lines? Generally, most small businesses must file an application to...

byMyCorporation

January 29, 2020

S Corp vs. C Corp: What’s the Difference?

When you start to develop how you want your business to be set up, you have a few different options to choose from. Some will go with an LLC, while others will look into an...

byNav

January 13, 2020

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...

byMyCorporation

December 23, 2019

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...

byMyCorporation

November 29, 2019

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,...

byMyCorporation

September 16, 2019

What to Know About Opening a Franchise at Any Age

Investing in a franchise can be done at any age and for any type of career in transition. Whether you’re a millennial or a baby boomer, there’s ample opportunity available to become a franchise owner....

byDeborah Sweeney

August 27, 2019

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...

byMyCorporation

April 23, 2019

Navigating Your First Year of Filing Taxes as an Entrepreneur

If you’re planning to start up a new business this year, you’ll experience tax time as a business owner soon enough. The following tips will help you prepare well in advance. And if you started...

byBruce Hakutizwi

April 3, 2019

What Mom and Pop Shops Need to Do to Stay in Compliance

Each year on March 29, we celebrate the owners of Main Street’s small businesses and startups with National Mom and Pop Business Owners Day. As the backbone of the U.S. economy, these family-run companies pack...

byMyCorporation

March 29, 2019

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...

byMyCorporation

February 20, 2019

Corporations vs. LLCs: What’s the Difference When Structuring a Business?

When you are starting a business, the legal structure you choose for it is a critically important decision. It will affect things like the cost of operating the business, its taxes, the potential for you...

byNav

October 10, 2018

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...

byMyCorporation

October 1, 2018

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...

byMyCorporation

July 16, 2018

Which is Right for Your Business? Forming an LLC or a Corporation

If you are an entrepreneur, you have probably had somewhere close to a hundred business ideas run through your mind. Maybe you’ve already taken the plunge to starting your own business and are looking for...

byNancy J. Wolf

June 4, 2018

How the New Tax Laws Might Affect Your Startup’s Financing

Many entrepreneurs in the U.S. have been keeping up with the recent changes to the tax law, passed at the end of 2017 and championed as a boon for small business. However, if you were...

byBruce Hakutizwi

April 3, 2018

Should You Incorporate Your Business as an LLC for Tax Breaks?

One of the biggest appeals of incorporating as an LLC has long been the ability to save money on taxes. In addition to limited liability protection and building credibility with consumers, forming an LLC allows...

byMyCorporation

March 9, 2018