Tag Archives: llc

LLC vs. S Corporation: What’s Right for Your New Business?

For many, owning your own business is the essential American dream.

What starts as an idea can grow into a business plan, but there are a lot of financial and legal considerations you should take in the process. One of the first and most important decisions new business owners face is how they want to structure their...
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5 Steps to Take When Winding Down Your Business

There are many reasons business owners close up shop, including retirement, starting a new venture or, hopefully, because they’ve won the lottery.

No matter what the reason, it’s important to diligently wind down a business before moving on.

This process can be emotional and overwhelming, so here are five steps to take to start moving toward your...

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Schedule K-1s are Due March 15th – Are You Ready?

Whether you’re a small LLC, an Electing Large Partnership LLC or an S-Corporation, March 15th marks the date you must file your 2016 tax returns (Form 1065, 1065-B, 1120S, or 2553, depending upon your business entity).

In addition to filing your taxes by this date, March 15th also marks the deadline for sending out Schedule K-1s...
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Don’t Zoom Through Legal Decisions for Your Business

Starting a business is a complex process where business relationships, partnerships, legal and tax issues must be taken into account.

When two or more people enter into a business relationship, they each bring their own unique talents, resources, ideas, and needs to bear. Having these different aspects in a business is critical to its success, but...
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