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Answer Upon - Corps Compared to Limited Liability Companies
An award-winning contractor in Savannah, Georgia (who also happens to be my award-winning brother) wrote:‘In my business (home construction and remodeling), I have many accounts with different suppliers supporting the construction industry. Sometimes I use their services and then will not see them again for 8 to 12 months or whenever my next project requires. When I do return to
A corporation is formed by filing articles of incorporation with the relevant secretary of state. All b
You probably already know you need life insurance as part of practically any financial plan. That being said, how do you determine how much you need?Life insurance is much like taxes for many people. You know you should, and indeed, have to deal with it, but you really don’t want to. The stereotypical life insurance agent is enough to make anyone cringe. That being said, understa
The first thing to understand is a corporation is a different business structure than a limited liability company. Many people get them confused. The terms used in relation to a corporation are often also used for limited liability companies, which is incorrect and creates all kind of confusion. Let’s take a closer look at both entities.
A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such as lawsuits. The corporate entity, however, does not shield you from criminal liability as the folks at Enron can tell you.
A corporation is formed by filing articles of incorporation with the relevant secretary of state. All bu
Take advice from someone who has successfully worked from home for the last eight years. In my previous article: Work from Home: Real Money Advantages we looked at some of the money advantages of working from home. In this article we look at some of the differences between working at a job and working from home as an entrepreneur.Many of my clients, business associates and fri
A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such as lawsuits. The corporate entity, however, does not shield you from criminal liability as the folks at Enron can tell you.
A corporation is formed by filing articles of incorporation with the relevant secretary of state. All b
When starting a business of what ever kind, large or small, there is a always a require framework or scaffolding that you have to set up. Not only does this make your business much more effective, but it also saves you from a lot of embarrassing and costly problems. Here is your framework:1. Business Name. Choose an appropriate name that sums up what your business stand
A corporation is just about the oldest business entity we have that is still in use today. The corporation comes to us from English law. It is based on a legal fiction, to wit, the corp is an “independent person”. As a result, the incorporation of your business is a way to shield yourself from personal liability for any business problems such as lawsuits. The corporate entity, however, does not shield you from criminal liability as the folks at Enron can tell you.
A corporation is formed by filing articles of incorporation with the relevant secretary of state. All b
PayPal is secure in its domination over the electronic payment industry, at least for now.Following reports that Google planned to launch a new Internet payment service (nicknamed Google Wallet), Eric Schmidt, CEO of Google, denied that Google would be directly competing with PayPal. He did, however, acknowledge that Google has plans for some type of electronic payment service.<
A corporation is formed by filing articles of incorporation with the relevant secretary of state. All b
If you are skeptical about applying for a loan online, your doubts will stop here. Online money lenders for the most part offer the same services as conventional lenders, such as banks, yet often at a lower interest rate. In addition, online loans are very convenient, as you can research the loan and apply from your computer with the click of the mouse. Plus, you don’t have to worry abo
A corporation is formed by filing articles of incorporation with the relevant secretary of state. All business entities are controlled by the states. There is no federal system. Regardless, the owners of a corporation are known as shareholders. If you buy shares of Google on the stock market, you are a shareholder and owner although probably of a small percentage. The corporation is controlled overall by a Board of Directors. When they meet, the general direction of the business is discussed and any resulting decisions are recorded in the minutes of the corporation. The day to day running of the corporation is controlled by the officers, of which the CEO is the top dog. The officers report to the Board. From a tax perspective, the corporation can be taxed as a stand alone entity, known as a C-corp, or on a pass through basis, known as an S-corp.
A limited liability company is similar to a corporation in that it provides a shield of protection from business problems. The “LLC”
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