Jul 03,2017 at 05:39 am
DBA refers to 'doing business as'. Below is a simple explanation of when to register a DBA.
1) Sole proprietor: You are a sole proprietor and you do not want to use your personal name for privacy reasons. You can file a DBA-doing business as with your state and register a DBA. This will al...
Jul 03,2017 at 05:28 am
Sole propreitorships are the easiest to start. There may be additional business licenses required as per your industry, so please check out your state's website for additional details.
LLCs protects from personal liability. Also LLCs provides greater flexibility as you grow your business, ...
Jul 03,2017 at 05:22 am
Is it possible to start a business without incorporating as an LLC or INC?
Ofcourse, yes. Infact LLC has gained popularity the last few years. Its definitely possible to start your business as a sole propreitor after you review the pros and cons of incorporating.
Jul 03,2017 at 05:15 am
An S Corporation is a pass-through entity which essentially means it does not pay taxes. Its members pay taxes once the profits or losses are distributed to them. As part of S Corporation setup, all owner employees will need to be paid reasonable salary according to the market/ industry rates.
Jul 01,2017 at 02:33 am
What is the difference between S corporation, C Corporation, and LLCs?
Firstly, its very important to learn about entity structure & tax classification which are 2 different elements outlined below.
1) Choosing the right entity structure - LLC/I...