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Starting Over RSS Feed- Protecting Personal AssetsStarting a business can be one of the most rewarding and satisfying undertakings a person can pursue. For some it involves chasing and achieving a personal dream, and for others, it provides an opportunity for freedom and flexibility from a corporate job. […]
- Save on Taxes with Business Tax DeductionsTax deductions may allow a small business owner to offset the expense of starting and running a company. The Internal Revenue Code (IRC) provides for certain business tax deductions on equipment, vehicles, travel, and more. Some home-based businesses can also deduct a portion of rent, utilities, and insurance. […]
- Selecting a State for Your Corporation or LLCWhen small businesses incorporate or form a Limited Liability Company (LLC), they must choose a state jurisdiction in which to form their entity. Some form Delaware companies regardless of the state where their business is actually operated. Delaware corporations and LLCs have enjoyed significant advantages over the years and Nevada has more recently enacted […]
- Starting Over as an Entrepreneur? Incorporation May Be Right for YouWhichever entrepreneurial direction you choose, select a business structure that works for you and your family. Many businesses start as sole proprietorships or partnerships. However, these structures have unlimited personal liability for company debts. As a result, many business owners opt to incorporate or form a limited liability company (LLC) to protect […]
- Understanding Business StructuresBusiness owners may choose from a variety of company structures, based on their needs and preferences. Especially with the advent of the Limited Liability Company (LLC), the choices for small business are wider and better than ever before. More good news for small business - as the needs of the company changes, the existing business structure can be amended […]
- When To Incorporate...Timing MattersEach December, business owners ask whether they should hurry to form their corporation or Limited Liability Company (LLC) before the close of the current calendar year or wait to start fresh in the New Year. Confusing information abounds regarding timing for company formation. Here are some facts to help you sort it out. […]
- Life After Incorporating - 1-2-3Many business owners delay incorporating or forming a Limited Liability Company (LLC) because they are apprehensive about the documentation required to keep their company in compliance. Incorporating or forming an LLC helps protect personal assets and provides tax-deductible benefits for employees and owners. It's unwise to forgo these benefits simply d […]
- Eight Easy Things To Do Before You Form Your CompanyIncorporating or forming an LLC is a fast, affordable and easy process. It benefits the business owner by protecting personal and family assets from the risks and debts of the business. Here are eight easy things business owners can do to make incorporating a breeze. […]
- Choosing Between an S Corporation and a Limited Liability Company (LLC)It's smart to protect personal assets from business debts and liabilities. Both owners of S Corporations and LLC's enjoy limited personal liability. By contrast, sole proprietors and partners have unlimited personal risk. […]
- It's Easy To Manage Your Company With These Easy TipsBruce Troutman, owner of Heritage Rentals, LLC, has great ideas on saving money for his business. He found a new bank with lower fees for business accounts and a new insurance provider where premiums are a bargain. He wants to move forward with these cost savings as soon as possible, but he is missing some key pieces of company documentation. The bank and th […]
- Protecting Personal Assets
Category Archives: Career Coaching New York
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