Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. Starting a business is one of the most exciting things a person can do. To be successful, entrepreneurs must go about the process correctly, which often starts with incorporation. Incorporation simply means going through the legal means to …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. If you’re setting up your business with partners, then you might experience confusion about which type of entity works best for that situation. You’re not alone. Many business owners struggle at first to choose between a C corporation, …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. Are you confused about choosing the best business entity for your business? It can become stressful when you’re not sure which direction to go in. If you’re starting an LLC, you can choose to be a single-member LLC …
Fact checked for accuracy by Janet Berry-Johnson, CPA. A partnership is a formal arrangement between two or more parties in the management and operation of a business entity. In a partnership, business partners share profits and liability with your business partners. Thinking about whether or not a partnership is right for your business? Below, we …
Fact checked for accuracy by Janet Berry-Johnson, CPA. Did you know that most business owners are sole proprietors? That is because sole proprietorships are easy to start and manage. Read on to find who is a sole proprietor and the attributes of a sole proprietorship. Who Is a Sole Proprietor? A sole proprietor is a …
Fact checked for accuracy by Janet Berry-Johnson, CPA. Choosing the right business structure is a critical decision when starting a new venture. The two most common for flexibility and ease are limited liability corporations (LLC) and sole proprietorships. There are advantages and disadvantages to each business structure and knowing what those are will help you …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. Choosing the right business structure is a critical decision when starting a new venture. The business structure that you choose can significantly impact key factors in your business such as exposure to liability, financing, and the rate and …
All LLCs – Limited Liability Corporations – require a registered agent on file for each state where the company will operate. While it’s not uncommon for sole proprietor LLCs to list themselves as registered agents, most companies prefer to use professional registered agents’ services. While there are plenty of options out there, some choices are …
Navigating the complex legal waters of creating a business can be tricky and time-consuming. If you make a mistake, you could be on the hook for fines and taxes that you shouldn’t need to pay for. To save time and money, entrepreneurs often rely on services that file all the necessary paperwork on their behalf. …
Starting your own business takes dedication, skill, and no small amount of savvy. But when it comes to handling the legal ins and outs of forming a business, many business owners are at a loss. That’s why so many services exist to help guide business owners through the process. Not all services are created equal, …
