Even the smallest of businesses often have the letters “LLC” after them. Family owned diners, hair salons, even freelance workers often incorporate themselves when they are operating with a lot of volume. If you are one of the many considering an LLC, there are some pros and cons to consider Read more…
Side hustles are getting to be as common as some of the hobbies which lead people to try to make a little extra from home. Some have used the layoffs of our uncertain economic climate as a push to take it to full-time. With all of the technology at our Read more…
The IRS has a special schedule on a tax return for rentals. A schedule is normally an appendage to either a business or a personal tax return. A Rental is reported on a Schedule E. This is where you can locate where your accountant took expenditures related to the rental. Read more…
What’s in a name? That which we call a rose by any other name would smell as sweet.” Or, so Juliet believes. In the real world, people make snap judgements based on the first observations that they make. Your business name is likely to be the first thing that a Read more…
The LLC structure has many benefits that make it perfect for a wide variety of companies. However, there are also some disadvantages to creating an LLC. Here are some of the biggest pros and cons to keep in mind. Pros of Starting an LLC Limited Liability Protection By forming an LLC, Read more…
Unlike traditional C Corporations, also called C Corps, the S Corporation is not subject to corporate income taxes. Instead, the S Corporation receives different treatment for tax purposes that is generally more favorable to the business owner. The S Corp is a pass-through entity for tax purposes, similar to the LLC. This Read more…
Forming an LLC can help do that — but is it the best business entity choice for you? If you have questions, read below to see if this is the right path What is an “LLC”? The abbreviation “LLC” stands for limited liability company. The name refers to one of Read more…