Starting a Business
Should I Form an LLC or S-Corp?
Why Choose an LLC? Yearly, more people start LLCs than S-Corps. When considering the LLC vs. S-Corp question, keep in mind that limited liability Read more...
How Are LLCs Taxed?
If more than one person is involved in the creation of the LLC, then it is presumed to be a partnership LLC when it comes to federal tax purposes. The IRS Read more...
How Is a C-Corp is Taxed?
Incorporating your business as a C-Corp allows more flexibility than you’d have as an S-Corp. For starters, you can choose to have several classes Read more...
What Documents Do I Need to Incorporate My Business?
Incorporating your business only requires a handful of documents: 1. Request for Reservation of Corporate Name. This form verifies and reserves the Read more...
Can I Change My Business Entity to or from an LLC?
Changing business entity depends entirely on your state. Many states offer statutory conversion which is a simplified way to change your business’ Read more...
What Is Limited Liability?
Limited liability refers to the protection of personal assets from business debts. For example, if your company went bankrupt, you would lose your Read more...
What Is Double Taxation?
Double taxation refers to paying personal taxes on revenue already taxed at the corporate level. The prospect of double taxation daunting, but it is an Read more...
What are the Advantages and Disadvantages of Starting an LLC?
What Are the Advantages of an LLC? Tax Flexibility: Typically, the IRS does not consider an LLC to be a distinct separate entity for tax Read more...
What Types of Loans Are Available for a Startup?
There are three different startup-focused loan programs: 7(a) loan program Eligibility for a 7(a) loan program comes by meeting certain Read more...
Which States Require an LLC Operating Agreement?
What Is an LLC Operating Agreement? An LLC Operating Agreement is the document wherein a Limited Liability Company memorializes its rules and structure. Read more...
What Are the Types of Limited Liability Entities?
Limited liability companies (LLCs,) limited liability partnerships (LLPs,) and traditional corporations such as S and C Corps all afford limited liability Read more...
Who Can Invest in a Private Stock Offering?
Private placements must come from what the SEC terms an “accredited investor.” Generally an accredited investors are generally wealthy Read more...
What Are Angel Investors?
This type of investor is typically an entrepreneur who has enough wealth to invest very early in the financing process. Angel investors invest in Read more...
How Can I Secure a Startup Loan?
The SBA states that a 504 loan is often structured so that the SBA provides 40 percent of the project cost and a participating lender pays up to 50 Read more...
What Are the Most Common Types of Investors and Financing for Startups?
There are plenty of stories about people "bootstrapping" startups with their own money. That's not always possible. Many startups come to Read more...
What Are the Advantages and Disadvantages of a Sole Proprietorship?
What Is a Sole Proprietorship? A Sole Proprietorship is the default business entity for people who operate a one-person business. No documents are Read more...
Incorporating in Delaware or Nevada: What's the Best Option for My Business?
What’s Attractive About Incorporating in Delaware or Nevada? Delaware and Nevada have designed their courts, tax structures, and regulatory climates Read more...
Sole Proprietorship vs. Partnership, Which Is Better?
The answer depends primarily on how you plan to structure your business. Sole proprietorships are only available to companies owned by a single individual. Read more...
How Do I Incorporate a Property?
What you’ll want to do first is set up a corporation or LLC; LLCs are the most popular formation for landlords and property owners. To incorporate Read more...
How Do LLCs Compare to Other Business Entities?
LLCs offer the same protections as S and C corporations, while providing much more flexibility, but they are not always the best choice. LLCs may not Read more...
What Is a Private Stock Offering?
A private stock offering, sometimes called a private placement, is when you sell securities in your business without an initial public offering (IPO). In Read more...
What Are Personal Investors?
Your friends and family may be willing to lend you the cash to start a business, and you may be willing to take it. But think twice before heading in this Read more...
How Do I Get Started With Peer-to-Peer Lending?
Peer-to-peer lending steps, shared by the Small Business Administration, include: Have a plan. Make sure to include what you find out from market research, Read more...
How Can Banks Help Fund My Startup?
A bank loan may be available to help you with startup costs. A bank will want to see a detailed business plan and a thorough description of your business Read more...
What Does LLC Mean?
LLC is short for limited liability company. It's a type of legal business entity that was developed to provide business owners with a lower level of Read more...
What Is Peer-to-Peer Lending?
Peer-to-peer lending lets people list projects online for consideration by potential investors. This type of investor brings the startup and small Read more...
What Is a Limited Partnership?
When you're trying to create a Partnership, one of the options you can consider is establishing a Limited Partnership (LP). The Limited Partnership is Read more...
What Is a Partnership and What Are the Advantages?
A Partnership is a business operated by two or more partners. There is no federal regulation that governs how Partnerships are formed; each state has its Read more...
What Is a Sole Proprietorship and What Are the Advantages?
When you want to run a business on your own, the Sole Proprietorship is a convenient option. You don’t have to do any legal work to set up your Read more...
What Are the Advantages of incorporating a Property?
There are many advantages to incorporating a property: Limited liability protection If you haven’t incorporated as a business and something Read more...
What Documents Should I Have to Hold a Private Stock Offering?
You’ll want to organize a few things before offering stock: Operating Agreement: First and foremost, you need to make sure your company is Read more...
What Are Venture Capitalists?
Venture capitalists are individuals, or groups, that invest in early funding rounds. Compared to angel investors, venture capitalists typically invest Read more...
What Should I Consider When Applying for a Peer-to-Peer Loan?
Your credit history plays a part in whether you can engage in peer-to-peer lending. You grant access to your credit score when you apply for a peer-to- Read more...
What Should I Consider When I Approach an Angel Investor?
Considerations when approaching angel investors include: How much control does the investor expect? How much control are you willing to share? What is the Read more...
What Are the Advantages and Disadvantages of a Limited Partnership (LP)?
What Are the Benefits for Limited Partners? One of the biggest advantages for a limited partner in the Limited Partnership is the fact that he or she only Read more...