The last decade has seen many individuals start their own businesses in a wide variety of industries, and there are now reported to be as many as 16 million self-employed people throughout the U.S. However, starting and maintaining a business is never easy and entrepreneurs face a whole host of challenges, some of which prevent […]
Archives for August 2022
What Organization Type Is Best: General or Limited Partnership?
As the oldest business organization in the world, you might think that a general partnership is the best type of organization to choose, but actually, this couldn’t be further from the truth. Without the right insight and skill (and a degree of luck), your organization could fall prey to a whole host of traps with […]
What Are the Tax Advantages of Forming An LLC?
Affording business owners the greatest degree of flexibility, LLC operating agreements include management provisions and buy-sell provisions, which make it a popular entity top own real estate, boats and airplanes. It’s also popular among foreign citizens seeking to render services or sell products. Here’s a more in-depth look at LLC’s and its potential tax advantages: […]