As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to ...

The format of your small business certainly impacts your financial performance. This is especially relevant as tax season approaches us. Sole proprietorship Many entrepreneurs establish their ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

One of the features of running a limited liability company is its flexibility. LLC owners, who are called members, can have company profits taxed as a corporation or partnership. There are advantages ...

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 ...

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 ...

Opinions expressed by Entrepreneur contributors are their own. Among the many decisions you need to make when launching a business is selecting a business structure. If you do nothing, your business, ...

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

When deciding what type of business you should start, the options can seem overwhelming. Two of the most common types of U.S. business structures are C corps and LLCs. A C corp is a company that can ...