Should independent contractors become an LLC
Whether an independent contractor should become an LLC (Limited Liability Company) depends on various factors, and it’s essential to consider both the advantages and disadvantages. Here are some factors to consider: Advantages of forming an LLC: Limited...What is the difference between an LLC and a S Corporation
Both Limited Liability Companies (LLCs) and S Corporations are popular business structures in the United States, each with its own set of advantages and disadvantages. Here are some key differences between an LLC and an S Corporation: Taxation: LLC: By default, an LLC...The Dangers of a General Partnership
When two or more people agree to share profits and losses, a partnership has been formed. The business may have as many partners as agreed upon, with nothing more than a handshake or an oral agreement. In fact, state law provides that under such circumstances you have...The Advantages of an S Corporation Election
S corporations have certain tax advantages that you might consider for your small business. An S corporation is a regular corporation that has opted for the IRS Small Business Election to have all income or loss passed down to the personal tax returns of its... Nancy J. Wolf, MBA Managing Member |
 Vincent J. Creo Managing Member |
|---|