LLP VS. LLC: What Is The Difference?

LLP VS. LLC: What Is The Difference?

Every business entity available was designed to provide advantages to certain types of owners and business models. LLCs and LLPs have similarities that can make it confusing to know which is best to choose. Here are five differences between the two that can help...
What Are The Disadvantages of an LLC?

What Are The Disadvantages of an LLC?

With the popularity of LLCs as a business entity, growing from 17,000 in 1993 to over 2.5 million in 2015, you might think there were no disadvantages. However, there are a few to consider when choosing a business entity for your company. Changes In Ownership In some...
What Are The Advantages of an LLC?

What Are The Advantages of an LLC?

Over the past twenty years, the rapid growth of LLC filings is evidence of advantages that are popular with new and existing business owners. Below are the top advantages of an LLC business entity. Taxation Options Many business owners choose an LLC over a corporation...
How Do You Start An LLC?

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...