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Organizing Your Business Part 4: LLCs

By admin Posted on January 27, 2011 Posted in Start a Business No Comments Tagged with Limited Liability Company, LLC, llc vs. s corporation, members or managers, organizing a business, s corp, s corporations, S-Corporation

In our last post, “Organizing Your Business Part 3: Corporations,” we looked at the different types for for-profit and nonprofit corporations. Now, it’s time to take a look at what makes LLCs different. LLC stands for Limited Liability Company. (Notice that …

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Organizing Your Business Part 3: Corporations

By admin Posted on January 25, 2011 Posted in Start a Business No Comments Tagged with board of directors, business organization, c corporation cons, c corporation pros, c corporations, C-Corporation, Incorporation, nonprofit, Nonprofit Corporation, s corporation cons, s corporation pros, s corporations, S-Corporation, shareholders, starting a nonprofit, what is a corporation

The creation of a corporation is the creation of an artificial person. For legal and tax purposes, a corporation is a separate entity from its owners. A corporation can make purchases, enter into contracts, pay taxes, and sue and be …

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Organizing Your Business Part 4: LLCs

Organizing Your Business Part 3: Corporations