Ari Mushell, J.D.
Freelance writer
More From This Author
What Is the Purpose of an LLC?
The purpose of an LLC is to provide its members with limited liability, favorable taxation, ease of formation, and special allocation. If you're…
What Is the Difference Between Incorporated and Unincorporated Businesses?
Those starting businesses face a choice about incorporating their businesses. Unincorporated entities require significantly less paperwork, but they…
S Corp. Shareholder Requirements
Some individuals and entities are ineligible to purchase shares of an S corporation. If an ineligible purchaser buys one, or if an eligible purchaser…
What Is a Sub S Corp.?
An S corporation provides its owners with limited liability, tax, and capital benefits. However, it also has formal requirements and limitations when…
Do Personal Bills Affect a New LLC?
Generally, a new LLC is not responsible for personal debts. However, there are exceptions. Keeping your personal and business expenses separate and…
Requirements for a C Corporation in Nevada
Each state has its own distinct set of laws for setting up a C corporation. If you want to incorporate in Nevada, you must follow state requirements…
Can an LLC Become a C Corporation Years Later?
Even if you have operated an LLC for many years, you can convert it to a C corporation, which can provide certain benefits. However, organizing a C…
How to Change the Nature of Business for a Corporation
Due to innovation, shifts in markets, or other reasons, the nature of a business often needs to change. Changing the nature of your business can be…
Can an LLC Be Taxed Like an S Corporation?
One of the most attractive aspects of an LLC is its default pass-through taxation scenario. However, this might not be the most financially…
What Happens when the Principal Owner of a Sub S Corp Dies?
When the principle of a subchapter S corporation dies, the corporation itself does not die. It is best to prepare ahead of time for such a situation…