One of the first tasks a new business owner must address involves the question — What type of entity should I choose to operate my business? “A common tax consideration is a desire to avoid double tax ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

Unable to answer this decades-old question posed by the characters of Sesame Street – mind you, it was not for want of trying – I decided to focus instead on another issue, one that came from a client ...

As a tax professional and business consultant, one of the most frequently asked questions I get is, "Should I open an LLC or S-corporation?" I wish there were a quick and simple answer to this ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. So you are now ready to start your own business, but which business structure is best for ...

Limited liability companies have become a popular entity for owning and operating a business. A multi-member LLC can elect to be taxed as a partnership, C corporation or an S corporation. It is common ...

A limited liability company, or LLC, and an S corporation are both tax "pass-through" entities, meaning that their profits are not taxed at the business level but are passed through to shareholders, ...

Painting companies often start out as one-person operations, with an individual hiring out for a specific job. As a business grows, however, there is usually a need for a more formal organization, ...