Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

Starting a business in Illinois can feel overwhelming, but forming an Illinois LLC is a straightforward process. This guide will walk you through the benefits of an LLC, the essential steps to ...

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Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. David Kindness is a Certified Public Accountant (CPA) and an expert ...

Registering your business is a small but vital step on your journey to becoming an entrepreneur. You can typically do this yourself for free, but if you're worried about making a mistake or just want ...

Professional help may sometimes be necessary, but it only works when you understand your business needs and the problems that ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.

A Limited Liability Company (LLC) is one of the most popular ways to legally structure your small business. There's a good reason for that — forming your business as an LLC helps protect your personal ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Should you need to shutter your business, dissolving your LLC is a major part of closing down your operations. Going through the proper dissolution steps can protect you from potential liabilities. In ...

Do I need a business bank account for my LLC? Starting a limited liability company (LLC) often raises questions about banking requirements that can leave new business owners confused. Many ...