Making Your Business Official Archives | SmallBizClub

Choosing Between an LLC vs. S-Corp – Pros and Cons

Martin Eckler — Tue, 29 Aug 2023 23:46:16 +0000

Starting a business comes with many tasks to handle and many decisions to make. In the early stages, one of those decisions is the type of business entity to form. You’ve probably heard of the most popular, but you’ll still have choose between an LLC vs. S-Corp, both of which have pros and cons. Here…

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Thinking of Forming an LLC? 4 Big Benefits

Martin Eckler — Thu, 24 Aug 2023 15:33:44 +0000

If you’re starting a business and considering forming an LLC (limited liability company), you should know that you’ll be in good company. Many well-known companies are structured as LLCs because of the benefits they offer. Here we’ll discuss those benefits and surprise you with some well-known LLCs. Benefits of forming an LLC Personal Liability Protection…

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The Importance of Choosing the Right Business Structure

Nellie Akalp — Tue, 13 Dec 2022 13:33:00 +0000

Ask why you need a formal business structure when you start a business and the answers are usually straightforward. For some, it's a need to separate personal assets from the business; for others, it's a desire to lower overall taxes or be viewed as a more credible business.

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Is Your Business Name Good? Here’s How to Tell

Jenna Cyprus — Fri, 12 Feb 2021 05:04:05 +0000

Coming up with a business name is tough. You want something clever, but not something so esoteric that most people don’t understand it. You want something that captures the personality of your brand, but you also need to keep it short enough that it’s easy to remember. You might be able to come up with…

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Take These Steps to Form a Non-Profit Business

Deborah Sweeney — Thu, 19 Nov 2020 06:01:09 +0000

If you’re looking to form a non-profit corporation, there are several important steps for you to follow. Incorporating a non-profit corporation is often similar to a for-profit corporation, but there are some differences to be aware of. Here are some general guidelines for incorporating a non-profit. Pre-Incorporation Matters Prior to incorporation, you should have a…

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4 Surefire Tips for Picking the Right Entity for Your Small Business

1800Accountant — Thu, 28 May 2020 12:56:49 +0000

There’s one crucial step in starting a small business that many entrepreneurs forget to consider. Before you can file paperwork and officially organize your company, you need to decide how to structure your new business. When you choose how to structure your company, you’re essentially deciding how your small business entity will be recognized by…

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5 Simple Tips to Make Your Small Business Official

Kristie Wright — Wed, 27 May 2020 12:57:33 +0000

You’ve got a great idea, done the fieldwork, got your funding, and put together a plan with projections. Now you’re finally ready to launch your small business. Or are you? There are several important, practical steps that need to be taken in order to make your new venture legally compliant. Follow this roadmap to make…

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