9 Powerful Reasons Why LLC is Better Than Sole Proprietorship

As a brand new entrepreneur ready to face the world, you are going to find yourself going head-to-head with a lot of challenging decisions. One of the most challenging question you’re going to face is whether you should start your business as a sole proprietorship or LLC… This is a question I hear quite a LOT as a business lawyer. …

How to Open a US Bank Account Without Paying Taxes

There are multiple benefits to opening a US Bank Account for foreign and ex-pat entrepreneurs, but there’s one question on every business person’s mind: If I open a US Bank Account, do I have to pay US Taxes? After all, it hardly seems worth opening a US bank account and going through the trouble if you’re only going to lose …

5 Easy Steps to Change Ownership of LLC

There are a lot of reasons you might need to change ownership of an LLC. The company could be sold… One of the members of an LLC could die… A partner might want to leave the LLC, and a new one needs to take their place… No matter what the reason your LLC needs to change ownership, how it’s handled …

What’s the Difference Between S-Corp and C-Corp?

So you want to start a corporation? There are around 9 million corporations of different types in the US. Not all of them are necessarily members of the Fortune 500. You have a lot of reasons to open a corporation in the US, including: Raise large amounts of money through shares and bonds. Protect your personal assets through corporate liability. …

A 10-Point Actionable LLC Checklist for Entrepreneurs

Most small businesses are overwhelmingly LLCs. The LLC is the base for starting a US business. And it’s one of the simplest entities you can establish. Here’s why I believe you should have an LLC: Protect your personal assets from legal action. Stop double taxation. Enjoy a flexible business structure. With just 27% of people thinking that economic conditions are …

Recruitment Agreement (How to Get Yours Drafted or Reviewed)

A Recruitment Agreement is an agreement between the Recruiter and the “Client” company to identify and present qualified candidates to work with the Client. In exchange, the Client pays the Recruiter a fee for the service. When business owners are too busy to hire the qualified employees they need themselves, that’s where Recruiters come into play. A Recruiter can be …

8 Tips for Taxes this Season

It may be March, but that doesn’t mean you’re too late to implement some essential tax tips this year. Perhaps we procrastinators are in even more desperate need for quality tax advice. Whether you’re delayed on filing or interested in improving your odds at a bigger return next year, we may be able to help. Read through our top 8 …