What type of business structure you choose--corporation, LLC and partnership--has a tremendous effect on how a business affects your personal assets and tax obligations. Until recently ...

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...

An LLC is a legal structure that provides personal ... Here’s what you need to know about LLCs vs. corporations. Managed by members or designated managers. Minimal recordkeeping and annual ...

What Does Status of Incorporation Mean?. A corporation's status can refer to its standing... What Is the Difference Between Inc. and LLC? What Is the Difference Between Inc. and LLC?. A ...

A limited liability company (LLC) is a legal business structure. An S-corp is a tax classification. You can elect to have your LLC taxed as an S-corp, and many companies choose this option for tax ...

The main difference between LLCs and corporations is that ... either getting approval from other members or dissolving the LLC. Corporations are owned by “shareholders.” Rather than each ...

Notably, an LLC can opt for S-corp classification for tax purposes. Therefore, it’s essential to compare LLC vs. S-corp options when forming your business or reaching a certain profitability level.

Although you have several options, many business owners narrow their choice down to an S-corp vs. an LLC. Although S-corps and LLCs share some similar features, both come with their own set of ...

LLC stands for limited liability company. An LLC protects your personal assets from creditors and lawsuits that come after your business, limiting your liability. There are certain things you can ...

A limited liability company (LLC) is a legal business structure that grants owners personal liability protection. The implication is that your liability in the company’s debt or obligations ...