Category Archives: Business Library

Even though it is not legally required by most states (New York is an exception), having an operating agreement for your LLC is a smart move – and not having one can be dangerous for both you and your business. … Continue reading →

Forming a Nonprofit Corporation will not only make you more accessible to potential donors. It will can your organization credibility and help you protect your personal assets, too. Unlike a for-profit Corporation, a Nonprofit Corporation is not designed to make … Continue reading →

A Limited Liability Company is a business structure formed loosely on a German style of business called GmbH (legal abbreviation) and literally means limited liability. The concept spread throughout Central Europe and in 1997 the first LLC was shaped in … Continue reading →

There are several decisions to consider when forming a business entity; it is important to be familiar with the tax ramifications of a given business entity before it is filed with the designated state agency. Forming an S Corporation is … Continue reading →

The need for compliance with government requirements only gets more important after forming a corporation or LLC. Very often the corporation or LLC was set up in the first place to help protect personal assets and provide tax-deductible benefits for … Continue reading →