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Should you form a corporation or should you set up a limited liability company? They offer similar liability protection, but there are differences in the way LLCs and corporations are managed and taxed. Learn more about the key features of each.
Solo practitioners who provide professional services often don't enjoy the same tax and personal liability benefits as multi-member practices. It's best to do your homework when choosing whether to incorporate as a LLC or PC. If you have questions, always check with a qualified business attorney.
Limited liability companies and limited liability partnerships are business entities that help business owners protect their personal assets from business liabilities. While the names are similar, there are differences in the way LLCs and LLPs are managed and taxed. And, in many states, LLPs are reserved for certain professions. Learn more about these two forms of business organization.
Even though you'll be the only owner of your single-member LLC, it's still a good idea to create an operating agreement that discusses the organization, management, and operation of your company. Find out what to include in an SMLLC operating agreement.
One of the many subjects you need to master as a business owner is that of taxation. At tax time, what are the consequences of the business structure you choose? If you have a single-member LLC, there may be advantages to being taxed as an S corp. It's important to understand the differences in taxation with an S corp. vs. an LLC in order to make the right decision.
Sometimes, business owners want to form or invest in more than one LLC. But owning more than one LLC also means keeping track of multiple businesses and avoiding conflicts of interest. Here's what you need to know.
Thinking about the right business structure for your nonprofit startup? While an LLC may appear to be ideal, there are number of factors that should be considered when choosing between incorporation and an LLC for a nonprofit organization.
LegalZoom gladly provides services to citizens of the EU wishing to start a business or protect their intellectual property in the United States. Additional costs may apply.