When most people think of corporations, they think of large, multinational businesses. However, the term “corporation” can refer to any type of business entity that is legally incorporated. Incorporating a business has many advantages, including limited liability protection for the owners and more favorable tax treatment. What is a Corporation? A Corporation is a legal …
A business partnership is a legal relationship formed between two or more parties to carry out business activities. The partners involved in the business partnership share the profits and losses incurred during the course of business. A business partnership is a popular business structure as it allows two or more people to team up and …
A sole proprietorship is a business owned and operated by one person. This type of business is relatively easy to start and maintain, and does not require any special paperwork or licenses. Sole proprietorships are the most common type of business in the United States, accounting for more than 70% of all businesses. There are …
When creating a new business, you will need to decide which type of legal entity to form. The most common types of business entities are the sole proprietorship, partnership, limited liability company (LLC), and corporation. Each has its own advantages and disadvantages that you should consider before making a decision. One important factor to keep …
After some thought and research, you’ve decided to form a single-member LLC. But what kind of business entity should you choose? Here’s a quick rundown of the single-member LLC vs S corp debate. As the name implies, a single-member LLC is an LLC with only one owner. An S corporation, on the other hand, is …
Starting a business is a multi-step process, and one of the first decisions you’ll need to make is what type of business entity to establish. There are several different types of business entities, but two of the most common are multi-member LLCs and single-member LLCs. So, what’s the difference between these two types of LLCs? …
Wanting to add a DBA To Your Existing LLC in Florida? An LLC is a limited liability company, which is a business structure that offers personal liability protection and flexibility when it comes to how the company is taxed. An LLC in Florida can be formed by filing Articles of Incorporation with the Florida Department …
Having a company is an amazing way to be your own boss, make your own schedule, and bring in a steady income. But, as anyone who has ever started their own company knows, it is not always easy. In fact, it can be quite expensive. Also, we may sometimes get overloaded with work and completely …
Workers’ compensation insurance is a type of insurance that provides benefits to employees who are injured or become ill as a result of their job. Benefits can include medical expenses, income replacement, and death benefits. Workers’ compensation insurance is typically mandatory in most jurisdictions, meaning employers must provide coverage for their employees. Most workers’ compensation …
Business Interruption Insurance is a type of insurance that can help protect your business in the event of an interruption to your operations. This type of insurance can cover lost income and extra expenses that you may incur as a result of the interruption. Business Interruption Insurance can help give you peace of mind knowing …
