Although both structures offer liability protections, LLCs are best for tax flexibility and corporations are ideal for raising capital. Many, or all, of the products featured on this page are from our ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Business entity types are generally split into two categories: Informal associations and formal associations. Informal associations (i.e., partnerships and sole proprietorships) are easily created ...

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...

Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as ...

When first investigating how to start a business, you may be unsure of the various business classifications and overwhelmed by which one to choose for your company. Along with looking into things like ...

Small-business owners wishing to convert their C corporation to a limited liability company (LLC) do so to avoid double taxation while maintaining protection of personal assets from business ...

Since 1997, New Hampshire’s Limited Liability Company Act has permitted the owners of New Hampshire corporations to convert to LLCs. The process, which is highly user-friendly, is called a “statutory ...

Limited liability companies have become a popular entity for owning and operating a business. A multi-member LLC can elect to be taxed as a partnership, C corporation or an S corporation. It is common ...

What is an S corporation? An S corporation is a legal entity used to form and operate a business, and which offers the benefit of “pass through” taxation. Either an “Articles of Incorporation” or ...

If you're gearing up to start a business, you're probably wondering what type of entity you should register as: a sole proprietorship or a limited liability company (LLC). Both are common structures ...

When you start a new business, one of the first questions that comes up is your business structure. Two of the most common types of business structures are LLCs and corporations. While many small ...