It's possible to create a separate business entity for each venture you start. However, this can result in excess paperwork and legal filings. And in many cases, each business may not be earning a significant amount of revenue individually, making the paperwork seem especially tedious. To save some headaches and paper, this article provdies you with great tips to consider when dealing with multiple business types.
The most important things you need to know about one of the most popular business enitities: the S Corporation. What exactly is the S Corporation (or S Corp) and is it right for your business?
The LLC (Limited Liability Company) is a popular asset protection vehicle for small business owners, entrepreneurs, and real estate investors. It essentially forms a wall that shields individual owners from personal liability. In addition to this personal liability protection, the LLC can also offer tax advantages and other benefits.
Nellie Akalp is a savvy entrepreneur, wife, and mother of four. As the CEO of CorpNet.com, she runs a small business that helps guide entrepreneurs and small business owners through the process of starting a business, incorporating a business, and filing business-critical legal documentation with an easy and cost-effective online service. CorpNet.com’s incorporation packages start at $49 (in addition to State filing fees) to do all the work of forming a Corporation or LLC. “Being an entrepreneur is a dream come true,” says Nellie. “We’ll help make it happen for you.”
The economy is difficult, the jobs numbers aren’t improving, and the stock market is pretty shaky at best. But in these tough times, people are doing some incredibly remarkable things. They’re showing just how determined, creative, and courageous human beings can be. And if I can help these individuals get the ball rolling on their ideas and make their dreams come true, I can’t imagine anything better...AND that's why I love what I do each and every day and I live by the mantra of "Do what you Love and Love What you Do each and every day because you ONLY live once!!!!!
We’ve reached the mid-way point of 2011, it’s the perfect time to review the financial and tax picture of your business. Too often small business owners wait until it’s time to file their returns to start thinking about taxes. Tax planning is an ongoing process and taking actions now can help lower your 2011 taxes, and for years to come with the following mid-year tax planning checklist.
While incorporating a business may be straightforward, small business owners often make a few common mistakes that can have a significant impact on their business. Of course, the biggest mistake of all is never forming an LLC or Corporation in the first place and putting your personal assets (savings account, retirement fund) at risk. Even if you’re putting in 80-hour weeks to drum up new business, make some time this year to incorporate. You’ll be able to scale far more smoothly and securely for years to come.
Whether you're the next big thing in social gaming or organic knitwear, each startup eventually faces the same gnawing questions: How should I legally structure my business? Should I Form an LLC or an S Corp? What about an S Corp vs a C Corp? While circumstances vary among individuals and individual businesses, here are some general guidelines to help you jump-start your decision on business structures. There are other possible business types, but I'll focus on three: the LLC, the S Corporation, and the C Corporation.
Hello Corpnet! I am thrilled to be here as your half-crazed mom in business! I say half-crazed in a good way because even though my days are long and often slightly nuts, I love being a mom and a business owner. Don’t get me wrong - not everything runs smoothly, but life is vibrant and fun, and I feel very fulfilled. The best part about what I do is sharing my mistakes with the hope that I will help a few other business owners and moms (or dads) while making fun of myself. Today, I am going to share a little secret with you...A few years ago when I opened my first business (which was about a month before the recession hit, but that is another story), I allowed my husband to do all my paperwork and filing for my LLC. Moral of the story: Know your strengths and when to ask for help, but don’t just sit by idly and allow someone to take over for you. Make every experience related to your biz a team effort!
Now is the perfect opportunity to focus on your goals and turn those dreams into a reality. More entrepreneurs than ever before are coming into their own as business owners. Make 2012 the Year of Your Business and follow these Top 5 Tips Entrepreneurs to start YOUR business in 2012!