sole proprietor, small business

Sole Proprietorship

Last week, I reviewed the LLC (limited liability company).  Today I’m discussing sole proprietorship, the second in my series reviewing business structures and which one is best for your business. Sole proprietorship the most simple and therefore the most common structure used when starting a business. According to taxfoundation.org, as of 2014, there were approximately 23 million sole proprietorships nationally.  Other business structures like LLCs … Continue reading Sole Proprietorship

start up, LLC

Limited Liability Corporations

Starting a new business is exciting, but can also be very intimidating.  There is such a variety of legal classifications to consider when forming your business entity and it can be confusing to know which one is right for you.  Currently, two of the most popular small business structures are the Limited Liability Company (LLC) and the S Corporation (also called Subchapter S Corporation). There … Continue reading Limited Liability Corporations