Entity Formation

LLC Taxed as S Corp: The Basics

So, you’ve decided on an LLC for your business. You may not know there’s a whole menu of tax options available to you, including being taxed as a sole proprietor, choosing C Corp taxation, and having your LLC taxed as an S Corp, which is a popular option among freelancers. For anyone who’s heard […]

LLC vs Corporation: What’s the Difference?

Perhaps this is the year you’ve decided to take your business to the next level. Your colleagues may have mentioned forming an LLC or even starting a corporation. So fancy. But what’s the deal with each? And what do you need to know to decide between an LLC vs corporation? Before you pick one, you […]

S Corp vs C Corp: What’s the Difference?

If your business has outgrown being a sole proprietor or single-member LLC, it may be time to consider a corporate structure. When choosing between corporations, consider not only your current needs but future ones. There are two major organizational structures that have some similarities but create different opportunities to protect your business and potentially save […]

Sole Proprietorship California: A Guide for Solopreneurs

So you’ve decided to start a business in California. And you’re all for keeping it simple. But what does it really mean to have a sole proprietorship? California LLCs and corporations come with a myriad of responsibilities. But when it comes to being a California sole proprietor, running your business is as easy as it […]

Freelancers Guide to LLCs – What You Need to Know

Are you a freelancer who’s ready to officially form their own business? That’s great! Just keep in mind that there are several steps involved, one of which is to decide how you’ll legally organize your business. Why is this such a big deal? Well, your choice will have a big impact on how you’ll be […]