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From the category archives:

LLC Info

LLC vs. C Corporation

C-Corporations are the oldest and probably most common type of large domestic company. Many product and services that people come across daily are provided by corporations.
And while Limited Liability Companies are a newer entity type than C-Corporations, they offer unique differences that the C-Corporation cannot provide (and vice versa), and in recent years have often [...]

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LLC vs. S Corporation

For many businesspeople, the choice of “business entity” comes down to a choice between the Limited Liability Company (LLC) and S-Corporation.
While quite similar in many respects, LLC’s and S-Corporations both have advantages over one another.
For example, while LLCs and S-Corporations share the same “separate entity” status enjoyed by corporations (meaning the company is a separate [...]

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The LLC Operating Agreement

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.
An operating agreement is a contract among the LLCs members stipulating its membership, management, operation, and [...]

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The Benefits of Forming an LLC

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 Wyoming. The Internal Revenue Service ruled one way and then another, making regulations unclear until [...]

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LLC and Corporation Ongoing Compliance Requirements

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 owners and employees. Failure to satisfy these ongoing requirements, however, could result in the organization [...]

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