Unlocking Your Business Potential
What’s better an LLC or corporation? Both types of entities have the significant legal advantage of helping to protect assets from creditors and providing an extra layer of protection against legal liability. In general, the creation and management of an LLC are much easier and more flexible than that of a corporation. Read more on … Read more
Regardless of the corporate structure, dissolving a company can be a difficult and overwhelming procedure. However, there are significant distinctions in the procedure that business owners should be aware of when it comes to dissolving a partnership vs dissolving a sole proprietorship. Breaking Up a Partnership Because there are more parties involved when dissolving a … Read more
Which is better LLC or C Corp? C corporation. Its profits, losses and liabilities are tied to the business, not its owners (shareholders). It comes with more complex compliance formalities than the LLC structure, but it also offers the highest level of liability protection for owners of the business. Read more on www.accountingtoday.com Selecting the … Read more
Is S corp better than C Corp? S corporation advantages. Single layer of taxation: The main advantage of the S corp over the C corp is that an S corp does not pay a corporate-level income tax. So any distribution of income to the shareholders is only taxed at the individual level. Read more on … Read more