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How Do You Start An LLC?
Part of the popularity of the LLC business structure is its ease of creating, launching, and operating the company. Once you have your business name selected and have secured an EIN number from the IRS, you follow your state’s process for filing the business. For an...
What is a Limited Liability Company (LLC)?
The federal government of the United States aims to keep capitalism healthy and fair by ensuring businesses have the most level and competitive playing field possible. One of the tools used to enable fair access in the free market is the selection of a business...
How Do I Choose Between An S-Corporation and C-Corporation?
Before filing your corporate structure, ask yourself questions to determine which form is most aligned with your business model. For example (not a comprehensive list): Will you need to sell diverse types of stocks? Will you need more than 100 investors? Will your...
What Is An S-Corporation?
Company founders filing their business at the state level can choose to incorporate as an S-corporation. This type of company structure provides similar liability protections as a C-corporation; however, they are taxed on a "flow-through" basis. Taxes Rather than...
What Is A C-Corporation?
When an individual files with their state to form a corporation, the company will automatically be a C-Corporation, unless the person filing chooses to be an S-Corp. Shareholders By structuring the business as a C-corporation, owners benefit from separating the...
What are C- And S-Corporations?
Have you ever heard the phrase “pierced the corporate veil” in the media and wondered what it really meant? The phrase refers to a situation in which the court system looks beyond the corporate identity and instead focuses on the individuals leading the organization....
What Happens When You Violate Regulatory Compliance?
The consequences of violating a regulation that applies to your business can vary from a mild notice to comply, to fines, to the closing of the business, and even incarceration. Legal action from violations can come from government agencies in the form of...
What Is A Regulatory Compliance Officer And What Do They Do?
Indeed.com, a premier digital job board, describes the role of a Corporate Compliance Officer as an individual who “is responsible for overseeing an organization’s compliance with government laws and regulations. Their duties include coordinating with company...
How Is Regulatory Compliance Implemented In Companies?
Corporate leaders and business owners are responsible for ensuring that their organizations comply with relevant regulations. Depending on the size of your organization and the resources available, you may take any of these actions to ensure regulatory compliance. Do...
What Is Regulatory Compliance And Why Is It Important?
Regulations at the local, state, and federal levels cover a vast span of industries, sectors, materials, and situations. Some regulations, such as Child Labor Laws, Minimum Wage, Pollution, and Food Safety, may feel familiar. Regulations in Business Yet, regulations...