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Every company needs structure, but what kind? LLC or Corporation? In order to determine if an LLC is the right company structure for you, it’s important to learn what precisely an LLC is. While it is easy to get an LLC, or limited liability company, mixed up with a corporation, it would be a mistake to do so. The terms aren’t interchangeable and unless you […]
LLC’s: They don’t have to be so confusing!The limited liability company, or LLC, is a new concept for businesspeople in the United States. Internationally, LLC’s are fairly common. However, investors, employees, and lawmakers aren’t always quick to warm up to such a structure in America. Let’s clear up some of the misunderstandings and confusion about LLC’s and hopefully we can figure out […]
LLC’s: Where do the profits go?A limited liability company, or LLC, has a very unique personality, one that may take some getting used to for Americans. There is the partnership/sole proprietorship and the corporation. And then there is the LLC, which combines the benefits of both of these structures and in effect, is has its own identity. One of the […]
The Price Tag of Incorporation: FeesA lot of benefits await a company that’s about to incorporate, but there’s a price to it all. A hefty price in fact. Incorporation is a long and sometimes grueling process. It also happens to be an expensive one. In particular, a company will face fees for incorporating – all this means is a company […]
Self-filing for IncorporationIncorporation can be an equally important and intimidating task for the owner of a company, and because it’s also so expensive, many people prefer to file for incorporation without the help of an outsider. This will certainly save a soon-to-be corporation a lot of money. But unless a company’s owner knows what he or she […]
Is it less taxing to incorporate?Some companies may seem to escape death, but they will ever be able to escape taxes. That doesn’t mean there aren’t some tax benefits out there, though, that only the corporations are getting. Companies are tempted to incorporate for a number of reasons, but more and more often, taxes are the main motivator. But why?
Well, […]
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