Business Formation

You want to be an entrepreneur? Great! But what type of formal entity are you going to operate under? If you are scratching your head with this question, then maybe you need to take a few minutes and learn a bit about your different options.

S corporation or LLC? That is the question. After all, any entrepreneur, regardless of the size of their company, needs to be operating under a formal business structure, but which one is the best choice for a particular situation. It all boils down to what type of company is being established, and future business plans.

When a business owner chooses to form a corporation, their decision making is not quite finished. The next decision they need to make is whether or not they want to elect to be an S corporation. There are some very compelling tax reasons a company might want to choose the S corporation route, as outlined in this article.

What is piercing the corporate veil and should the average small business owner be concerned about this? Read this article to learn what this term means and how you can operate your formal business structure in a manner as to keep the corporate veil intact.

Creating an LLC isn’t all that difficult, though many people opt out of taking on the task themselves as they either don’t feel comfortable doing so, or they don’t have the time to ensure the LLC formation steps are done correctly. Here is a quick guide to creating an LLC so that you can have a high-level overview of what is involved.

You have a couple of choices when it comes time to form a business structure for your business – you can do it yourself, or you can have someone else do it for you. One of the more affordable ways to outsource forming a business structure is to use an online business formation service. Here are some things to look for when you choose this route.