LLC’s: Best Biz Structure to ‘House’ Multiple Properties

With any property, there are inherent liabilities — from a broken balcony railing to old electrical wiring or mold. The LLC forms a wall that shields individual owners from personal liability. If sued by a tenant or guest, the defendant is the LLC, not you. And the judgment can be collected only from the LLC's assets, and not from your own personal assets. The post LLC’s: Best Biz Structure to ‘House’ Multiple Properties appeared first on CorpNet.
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Should You Incorporate at Year End or Wait Until Next Year?

Should you incorporate year end or next year? It may depend on the state where a business is located and if the option of a delay effective date exists. The post Should You Incorporate at Year End or Wait Until Next Year? appeared first on CorpNet.
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Is an LLC a Corporation?

Many entrepreneurs wonder if an LLC is a corporation. An LLC is not the same thing as a corporation, but it's easy to get the two business entity types confused. In this article, I’ll explain the difference and highlight some of the advantages these structures have over unregistered entities. Limited Liability Companies and corporations [...] The post Is an LLC a Corporation? appeared first on CorpNet.
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How to Formally Close Your Sole Proprietorship or Partnership

Deciding to close a business that you’ve put your blood, sweat, and tears into can be an emotional experience. That’s especially true of entrepreneurs who have operated as sole proprietorships or partnerships. Essentially, they become “one” with their companies, making saying “goodbye” bittersweet even when the time is right for closing. Fortunately, the overall [...] The post How to Formally Close Your Sole Proprietorship or Partnership appeared first on CorpNet.
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How to Retire When You Own Your Own Business

How many small business owners think about retirement when starting their businesses? Not many, which is understandable since all efforts are generally focused on growing the business, not leaving the company. However, at some point, all entrepreneurs want to know how do you retire when you own your own business? The answer depends on [...] The post How to Retire When You Own Your Own Business appeared first on CorpNet.
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C Corporation vs. S Corporation

If you have your sights set on incorporating your business, you may be wondering if a C Corporation or S Corporation is the better option. While both are popular choices, nuances exist that may make one or the other more advantageous for your situation. The business structure you choose will affect your company in many [...] The post C Corporation vs. S Corporation appeared first on CorpNet.
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