Sole Proprietorship vs Partnership: How Are They Different?
The Sole Proprietorship vs Partnership dilemma is one most small businesses face when trying to decide how to structure their companies. Imagine: you have surpassed gifting your homemade jewelry to…
What Is a Tax ID? Entrepreneur’s Guide to Employer’s Tax ID
Wondering what is a tax ID number? Well, it’s just like the social security number, but for businesses. Every person born in the United States is assigned a Social Security Number (SSN) at birth.…
21 Simple Ways To Make Money Online in 2024: A Guide
It’s hard to overstate how much the internet changed our working lives. Many of the functions of the global economy moved online, phasing out the need for paper and connecting the entire world to an…
Partnership vs S Corp: Everything You Need to Know
Partnership vs S-Corp: which is the right business structure for you? Choosing the right business structure is one of the most crucial decisions you need to make when starting a business. Each…
S-Corp Dissolution: How to Dissolve an S-Corp in 2024
The decision to dissolve an S-Corp is not one to be taken lightly. Whether driven by financial considerations, strategic shifts, or changes in the business landscape, the process of S-Corp…
A Guide to How S-Corp Distributions are Taxed: 2024
Most companies elect S-Corp status to avoid the double taxation that C-Corporations get subjected to. However, this does not mean that S-Corps do not get taxed twice entirely. So how are S-Corp…
S-Corp Checklist: Essential Steps to Set Up Your Business
Are you starting a new business or converting your existing business entity into a S-Corp? This S-Corp checklist will walk you through the step-by-step process of forming your S-Corporation.…
How to Start an S-Corp in 2024: Everything You Need to Know
So you want to start a business? Or maybe you’re already in business but want to take the next step and make it official. Either way, an S-Corp is a great business entity to choose if you want…
How to Change an LLC to an S-Corp in 3 Simple Steps
Do you want to change your LLC to an S-Corp? Well, have you considered all the benefits and downsides of making the switch? If not, then this post is for you. Here, we’ll not only tell you how to…
How Do Interest Rates Affect Businesses: Things to Know
Interest rates can play an important role in the lives of traders who invest in financial markets, sure. But did you know that they can affect businesses as well? But how do interest rates affect…