Browsing Tag
S Corporation
14 posts
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....
4 Factors to Consider When Choosing a Business Structure
Structuring your business is one of the first—and most important—decisions you make in your entrepreneurial journey. Your business entity impacts everything from taxes to daily operations. But if you’re just starting out, you might not know...
3 Key Benefits of an S Corporation Election
The deadline for S Corporations to file their annual tax returns is March 15, which means businesses with an S Corp election need to file Form 1120S and Schedule K-1. These forms, respectively, outline the...
What You Need to Know About Taxes for Your E-Commerce Side Hustle
E-commerce sales have been on the rise in the U.S. over the past couple of months due to the realities of the coronavirus pandemic. According to a new SpendingPulse report from Mastercard, U.S. online retail...
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...
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....
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...
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...
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...
Do You Need Personal Liability Insurance for Your Business?
Everybody, whether they are business owners or not, should be covered by personal liability insurance. While it won’t cover business activities, business owners can use it as a safeguard for their finances and business assets....
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,...
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...
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....
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,...