Why You Shouldn’t Form an LLC in Wyoming?

When you’re starting a business, you’ll want to receive all the advantages you can get. That’s especially when it comes to business fees and taxes. It’s for that reason that some people become excited when they learn about how the state of Wyoming doesn’t set any sort of corporate or gross receipts income tax at … Read more

LLC vs Sole Proprietorship vs Corporation : Which One Should You Pick?

If you’re starting a business, then it’s best that you register it formally. It’s true that there are tedious steps to follow, and fees involved. But the benefits more than outweigh the costs. A formally registered business protects your personal assets from corporate risk, such as from your business creditors. It also allows you to … Read more

Professional LLC vs. Professional Corporation: What’s the Best Option for Licensed Professionals?

Many states require certain licensed professionals to form either a professional limited liability company or a professional corporation if they want to band together to form a business. Find out which option is best for you. Plenty of paid employees may eventually opt to form their own business as well, and these include licensed professionals … Read more

Benefits of Nonprofit organizations

Top Advantages and Disadvantages of Nonprofit Corporation If you’re forming a charitable organization, will you be able to help more people more effectively by officially forming a nonprofit corporation? Check out the pros and cons of a nonprofit corporation to help you decide. It’s a noble goal to want to help people in your community, … Read more

What is a C Corporation?

Guide to C Corporations There are different types of corporations, such as LLCs, S Corporations, and C Corporations. However, to learn which one best suits your needs, it’s essential to understand what they are. With that said, in this article, you will learn about C corporations – from what they are to how to form … Read more

How are Corporations Taxed ? A Brief Primer

Paying taxes is a must for any corporation. Non-payment of taxes could lead to penalties and a lot of other problems for a corporation. This can even cause corporations to get penalized for the underpayment of taxes. The tax web is a vexing and taxing issue for any business owner. There are all kinds of … Read more