About LLCs

To wrap up our series on business entity types, we’ll end with the LLC, or Limited Liability Company.  LLCs combine the protections, and many advantages, of the C Corp with the flexibility of the sole proprietorship or partnership. Like a corporation, LLCs are...

About C Corps

Ah,the C Corp. The choice of big business and publicly traded companies. C Corps are vilified in politics, thought to cause all the ills of the capitalist society, and referred to as “greedy.” There are a lot of good things about C Corps. Let’s...

About Partnerships

Today, I want to talk about partnerships. There are several entity types available when you start a new business.  Each has it’s own benefits and drawbacks. Partnerships occur when two or more people decide to go into business together. As you can imagine, any...

About Sole Proprietorships

Since I talked about S corps in my last blog post, let’s talk about the simplist type of business entity – the sole proprietorship. A sole proprietor is easy to set up – you essentially start doing business as yourself.  You ARE your business.  Hang...
About S-Corps

About S-Corps

  Recently, I’ve been answering questions about the S-Corp designation.  So let’s go into it! There are several entity types available when you start a new business.  Each has it’s own benefits and drawbacks. An S Corp is a flow-through entity. ...
What to Do When the IRS Sends You A Letter

What to Do When the IRS Sends You A Letter

It’s an event that even scares my mail carrier.  It terrifies most people – and small business owners are in their sights. A letter from the IRS (or other taxing authority). It so seldom conveys good news. Whether it is sent regarding payroll or income...