As a start-up business owner, I understand the attraction of finding a “good deal” for business needs. Many of which come at hours of frustration and education that would have been better performed by other service providers. I have worn the hats of a web designer, a receptionist, and countless others that are much more […]
LLC
Ed, the Multi-Level Marketing Guy
Ed (not his real name) recently sat down with me to discuss the importance of creating some business structure around his MLM business. Ed, like many MLM distributors, was never given a lot of insight on how to run his business. The MLM owners are mostly interested in getting as many distributors into their company […]
Selecting a Lawyer for Your Business
How to pick a lawyer? I meet with business owners every day. Some are sole proprietors, some are single member LLCs, others are partnerships with a few employees, and yet others are companies with varying degrees of ownership and many employees. All of these companies have one thing in common, they all need legal help […]
Pros and Cons of the LLC Entity Choice
I love LLCs because I don’t have to do anything! While the LLC organizational structure has gained great popularity, and is often the entity of choice for new business owners, the wonderful flexibility of this structure also carries many potential pitfalls. Below is a short list of some of the Pros and Cons of the […]
Tax Benefits of a LLC
THЕ TАX BЕNЕFITЅ ОF A LIMITED LIАBILITУ COMPANY A limitеd liаbilitу соmраnу, or LLC, is оnе оf thе most рорulаr buѕinеѕѕ entities. An LLC is uniquе in thаt it’ѕ a pass-through entity. Thе Internal Rеvеnuе Sеrviсе (IRS) does nоt consider an LLC a legal separate еntitу in terms оf tаxаtiоn, ѕо all buѕinеѕѕ income, losses, […]