How does a limited liability company get taxed by the IRS? What nuances and options exist? Many entrepreneurs wonder about considerations like these when deciding on a business structure for their ...

Chauncey grew up on a farm in rural northern California. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience ...

When you start a new business, one of the first questions that comes up is your business structure. Two of the most common types of business structures are LLCs and corporations. While many small ...

A Limited Liability Company (LLC) is a business structure that provides limited liability protection for its owners and shareholders. It means that the company's liabilities are separate from those of ...

When first investigating how to start a business, you may be unsure of the various business classifications and overwhelmed by which one to choose for your company. Along with looking into things like ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. Starting a business is all about taking things one step at a time. One big ...

A corporation is a legal entity created by individuals or shareholders that functions as a separate organization from its owners. Corporations have some of the same legal rights as individuals. They ...

Fifty years ago Milton Friedman declared that "the social responsibility of business is to increase its profits." The anniversary of that proclamation occasioned a flurry of commentary about what, if ...

In the District of Columbia, you can form a professional LLC and series LLC, in addition to a standard LLC. When you want to ...

Before a small business opens its doors, many business owners face an important decision: Will they structure their business as a limited liability corporation (LLC) or a limited liability partnership ...