For many small business owners, choosing whether to form a Corporation or a Limited Liability Company (LLC) is one of the very first decisions to be made. In order to decide which choice is best for your small business, it is essential to understand the differences between a Corporation and an LLC. In this article, [...]
Posts Tagged ‘corporation’Revisiting Your Choices: S Corporation or LLC in OhioWednesday, May 5th, 2010What You Need To Know About Starting A Small Business – Part 4: What is a Corporate Veil and How Can I Keep It From Being Pierced?Monday, April 19th, 2010Most companies choose to form a legal entity – whether a limited liability company, corporation, or otherwise – for the avoidance of personal liability to the shareholders or members. In other words, the personal assets of the company’s owner – including homes, cars, savings, and possessions – are not at risk for actions taken by the company [...] What You Need To Know About Starting A Small Business – Part 2: What is the Difference Between an LLC and a Corporation?Wednesday, April 14th, 2010The most common decision for small businesses is whether to form an LLC or a corporation. While both entities have many similarities, they also have several differences. Limited liability companies, as opposed to corporations, are a relatively new type of business entity that combine the personal liability protection of a corporation with the tax benefits [...] What You Need To Know About Starting A Small Business – Part 1: Why should I form a legal entity at all?Tuesday, April 13th, 2010There are many reasons business owners choose to form a legal entity – whether a limited liability company, corporation, or otherwise. First and foremost, forming a legal entity reduces personal liability. Second, forming a legal entity adds credibility to the business. Third, forming a legal entity allows the building of business credit. First, and most [...] |