by eespin | Jan 24, 2023 | Business Law
According to Forbes.com, in some states, licensed professionals cannot form C-corporations. LLPs give these professionals the ability to build a business with partners and investors while limiting their risk. The process for forming an LLP varies from state to state....
by eespin | Jan 24, 2023 | Business Law
When two or more people decide to build a business together, one of the business structures they can elect is a Limited Liability Partnership (LLP). An alternative to forming an LLC or a C-Corpporation, the LLP allows partners to invest while limiting each partner’s...
by eespin | Jan 24, 2023 | Business Law
With the popularity of LLCs as a business entity, growing from 17,000 in 1993 to over 2.5 million in 2015, you might think there were no disadvantages. However, there are a few to consider when choosing a business entity for your company. Changes In Ownership In some...
by eespin | Jan 24, 2023 | Business Law
Over the past twenty years, the rapid growth of LLC filings is evidence of advantages that are popular with new and existing business owners. Below are the top advantages of an LLC business entity. Taxation Options Many business owners choose an LLC over a corporation...
by eespin | Jan 24, 2023 | Business Law
Part of the popularity of the LLC business structure is its ease of creating, launching, and operating the company. Once you have your business name selected and have secured an EIN number from the IRS, you follow your state’s process for filing the business. For an...
by eespin | Jan 24, 2023 | Business Law
The federal government of the United States aims to keep capitalism healthy and fair by ensuring businesses have the most level and competitive playing field possible. One of the tools used to enable fair access in the free market is the selection of a business...
by eespin | Jan 23, 2023 | Business Law
Before filing your corporate structure, ask yourself questions to determine which form is most aligned with your business model. For example (not a comprehensive list): Will you need to sell diverse types of stocks? Will you need more than 100 investors? Will your...
by eespin | Jan 23, 2023 | Business Law
Company founders filing their business at the state level can choose to incorporate as an S-corporation. This type of company structure provides similar liability protections as a C-corporation; however, they are taxed on a “flow-through” basis. Taxes...
by eespin | Jan 19, 2023 | Business Law
When an individual files with their state to form a corporation, the company will automatically be a C-Corporation, unless the person filing chooses to be an S-Corp. Shareholders By structuring the business as a C-corporation, owners benefit from separating the...
by eespin | Jan 19, 2023 | Business Law
Have you ever heard the phrase “pierced the corporate veil” in the media and wondered what it really meant? The phrase refers to a situation in which the court system looks beyond the corporate identity and instead focuses on the individuals leading the organization....
