Business Formation
There's more than one way to set up a business officially. Learn the differences between business types so you can pick the one that's right for you.
-
LLC vs. PC for the Solo Practice
When choosing the best way to set up your company, it's important to understand the tax repercussions and other differences between your options.
· 6 min read
-
How to Get IRS Form SS-4 for Your Company
File IRS Form SS-4 to get an employer identification number (EIN) so you can hire employees, open a business bank account, or change business structures.
· 8 min read
-
Can I Form an LLC While Employed or Working at Another Job?
If you're a hardworking entrepreneur, you may be able to balance traditional employment with an LLC. Here's what to look for to avoid legal complications.
· 6 min read
-
How to Find and Finance Franchise Opportunities
Buying a franchise is a great option to get up and running quickly—but it isn’t the only alternative to starting a business from scratch.
· 10 min read
-
How to Dissolve a Business Partnership in 8 Steps
Open communication and a clear understanding of federal and state rules can help you achieve a smooth dissolution. Here’s what else to know.
· 11 min read
-
Applying for 501(c)(3) Tax-Exempt Status
Your nonprofit can gain tax exemption, credibility, and greater public support by receiving IRS 501(c)(3) status. Learn who's eligible, what documentation you need, and how to apply.
· 10 min read
-
How to Form a Delaware Partnership
Forming a Delaware partnership lets you take advantage of the benefits the state offers to businesses. You may pay fewer taxes and can take advantage of laws that keep business owners’ interests in mind.
· 9 min read
-
How to Get an EIN for a Trust
Most trusts can use the grantor’s SSN while they’re alive, but this isn’t always the case. Here’s when a trust needs an EIN and how to apply for one.
· 5 min read
-
Illinois LLC Operating Agreement: Why and How to Get One
As you start your Illinois LLC, one of the first steps is to create an operating agreement that outlines how your business will run and make decisions.
· 7 min read
-
Differences Between Sole Proprietorship, Partnership, and Corporation
What’s better between a sole proprietorship vs. partnership vs. corporation? Consider how they are set up, the tax burden, and legal protections offered.
· 10 min read
