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.
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The Definition of an LLC Managing Member
If you're deciding whether your LLC should be member-managed or manager-managed, first learn what an LLC managing member does and consider the tax implications.
· 3 min read
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The Basics of LLC Guaranteed Payments
LLC members can receive either profit-sharing distributions or a nonsalary payment known as guaranteed income.
· 2 min read
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Structuring Your Nonprofit: The Differences Between Incorporation and LLC
Founders of small nonprofits are increasingly turning to LLC business structures rather than incorporating. Here's why it makes sense—and how to do it.
· 4 min read
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Starting Up: Which State Is a Good Fit to Form Your LLC?
Different states offer different incentives for LLCs filing in those states. For some startups, it might be useful to shop around before filing.
· 3 min read
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Should You Convert Your LLC to a Corporation?
If your business goals are incompatible with the structure of an LLC, it might be time to consider converting into a corporation—but it's important to first weigh the implications of this new business structure on your operations and tax liability.
· 3 min read
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Running an LLC from Home
Thinking about running your LLC from home? There are advantages and disadvantages to bringing the office home with you.
· 6 min read
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Piercing the Corporate Veil: Understanding the Limits of LLC Protection
An LLC protects your personal finances from the business' creditors, but that protection can disappear if you don't follow certain rules. Find out how and when the corporate veil can be pierced and what it could mean for you.
· 3 min read
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NIL: Setting Up an LLC and 501(c)(3) for Student-Athletes
College athletes can now profit from their name, image, and likeness. Here's how lacrosse champ Charlotte North has capitalized on the policy by creating LLCs and filing for trademarks for her brand.
· 5 min read
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LLC vs. Inc.: Which Is Better for Your Business?
Deciding which of these is best for your business depends on several important factors, including your short- and long-term objectives.
· 6 min read
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LLC vs. Corporation: Which One Is Right for Me?
Many business owners form a corporation or an LLC to protect themselves from liability. But which should you choose? Here are some guidelines to help you decide.
· 4 min read
