I’m Starting a New Business – Should I Use an LLC (Taxed as a Partnership) or an S Corporation?
Entrepreneurship has been called the new American dream. Hanging a shingle starts with the idea that develops into a business plan, but only with careful financial and legal considerations. New business owners grapple with deciding whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S […]
Impact of Tax Reform on Small Businesses
Now that it’s tax season, you may be concerned about how the Tax Cuts and Jobs Act, enacted in December 2017, will impact your small business. The reforms represent the most sweeping tax overhaul in 30 years and could positively impact your business’s bottom line—but they may have left you feeling a little confused. Here […]
Small Business Owner? Know What Can Happen to Your Business If You Become Incapacitated or Pass Away
Preparing your company for your incapacity or death is vital to the enterprise’s survival. Otherwise, your business will be disrupted, harming your customers, employees, vendors, and family. Proactive financial planning — including your business and your estate plan — is critical. Below are tips on protecting your company and keeping the business on track and […]