We are sometimes asked to form a limited liability company for a new North Carolina business that wants to be taxed like an S-corporation.  Yes, we can do that, but why?

A recent blog at The Entrepreneurial Mind discussed  when extreme bootstrapped startups need to spend money on their first big-ticket items: office space and employees.  While I appreciate a controlled burn rate and spending as much as anyone,  entrepreneurs who are most likely to succeed establish relationships with their business attorney, CPA, banker, and commercial [...]

The final entity we will discuss is the S-corporation.

The final entity we will explore is the corporation. Today we will look closely at C-corporations and we will discuss the S-corp in detail another day.

We continue our tour of entities with the limited liability company (LLC).

A Taxing Consideration: Choosing a Business Structure (Sole Proprietorship) When people are starting a business, they are often very confused and overwhelmed as to how to choose an entity, or even whether they need one. Many entrepreneurs look at limiting their legal liability but never consider the tax implications of their business entity. The only [...]