What is a Limited Liability Company (LLC)?

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?

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?

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...
What Is A C-Corporation?

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?

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?

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...