Software has transformed the way we conduct business and is quickly transforming the way we live our lives. It runs many of the devices we use every day, from the devices we use to surf the Internet, to the computers we use to process data and disseminate information, to the smart phones we use to […]
What about an LLC?
As we have discussed before, the question of what is the best form of business entity to operate your new company is complicated and based on your specific business objectives and business plan. The options include a form or corporation, a partnership or limited liability company. Each form of entity has its advantages and disadvantages. […]
What Taxes to Pay First
When your cash flow is inadequate to pay all your business taxes, which ones should you pay first? Your business is faced with a number of different types of taxes and government fees (which certainly feel like taxes). Some of the types that could apply to your business are personal property taxes on your equipment […]
How Will The Business Return Profits to Owners?
Previously, I discuss issues related to structuring ownership. This post is a happy topic – what to do with the profits from your business. A business can either distribute current earnings to its owners or accumulate and reinvest earnings with the goal of growing the business so it can in the future be taken public […]
Choosing a Corporate Entity?
Critical Issues When Deciding on a Corporate Entity The primary considerations when choosing a business entity is (1) the degree to which the entrepreneurs’ personal assets are protected from the business’ liabilities, (2) the availability of favorable tax strategies (like maximizing the tax benefits of start-up losses, avoiding multiple layers of taxation, and converting ordinary […]