Understanding the differences between business structures like S-corporations, C-corporations, and partnerships is crucial for legal protection and tax benefits. This post delves into the pros and cons of each, including insights on the Qualified Business Income Deduction and which structure might be best depending on your business goals.
A limited liability company (LLC) is a business structure that provides limited liability to its owners. This means that the owners are not personally liable for the debts and liabilities of the business. LLCs are a popular choice for small businesses because they offer the benefits of both a corporation and a partnership. To form an LLC, you will need to file articles of organization with your state’s secretary of state. You will also need to choose a registered agent and a name for your LLC. Once you have filed the necessary paperwork, you will be able to start operating… Read More »LLC or S-Corporation?
Starting a new business can be a daunting task, but with the right approach, it can also be a highly rewarding experience. In this guide, I will take you through the steps involved in building a new business from the ground up in 2023. Step 1: Identify your market niche The first step in building a new business is to identify the market niche you want to target. This involves researching the market to understand the needs and preferences of your potential customers. You can use online tools like Google Trends and social media to gather insights about your target… Read More »The 2023 Small Business Startup Guide
Starting a small online business doesn’t need to be hard. Here are 6 easy steps to start a small business. Let us help with business ideas and answer small online business questions!