by: Chris Malta You may not have considered it, but if you’re starting an internet business, you’re starting an actual business—and that means constructing a legal entity, usually a sole proprietorship, a LLC, or a corporation. By default, you have a sole proprietorship, but this formation offers you little in the way of protection or [...]
by: Stephanie Hetu The tax advantages of incorporating a business is one of the main reasons that owners choose to incorporate their businesses, no matter what market they work in. Other types of businesses, such as sole proprietorships, are not afforded nearly as many tax advantages as an incorporation. A move called income shifting is [...]
by: Simon Maher If you have decided that it's time that your business becomes incorporated, and that a Limited Liability Company (usually referred to as an LLC) is the best entity, then your question is going to be: who do I use. First, you should know that forming an LLC is not rocket science. Any [...]
by: Simon Maher If you have decided that it's time that your business becomes incorporated, and that a Limited Liability Company (usually referred to as an LLC) is the best entity, then your question is going to be: who do I use. First, you should know that forming an LLC is not rocket science. Any [...]
by: Matt Bacak One of the first decisions that you will have to make as a business owner is how the company should be structured. This decision will have long-term implications, so consult with an accountant and attorney to help you select the form of ownership that is right for you. In making a choice, [...]
by: Jacob Wren Reasons to incorporate your small business out of state So you’ve decided to incorporate your small business and protect your personal assets. Unless you live in Delaware, Nevada or Wyoming, you’re probably considering incorporating out of state. Nevada has no corporate income tax on profits, no state annual franchise tax and no [...]
by: Wayne M. Davies If you're a sole proprietor, perhaps you've consideredincorporating your small business or self-employmentactivity. And so maybe you've been wondering,”When is the best time to incorporate?” >From a legal standpoint, any time is the best time.The sooner you incorporate, the sooner you make the movefrom the world of unlimited liability to the [...]
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