Businesses are generally are taxed on the income the derived from the state in which they were formed. Generally, this is referred to as a “corporate income tax.” You may be wondering what is the LLC tax rate? Or how is an LLC taxed? In New York, corporate...
If you’re like most people, you’re probably not sure where to begin when it comes to choosing which type of business you should form. Chances are you’ve been advised at one point or another to form either an LLC or an S Corp, and you might not know just what those...
We get it – extra cash can be hard to come by when you’re trying to get your new business off the ground. It can be tempting to cut corners to save a few filing fee dollars, and unfortunately that leads too many entrepreneurs into the trap of relying on automated...
There are a number of reasons to form an LLC, S-Corp, or other corporate form, but one of the biggest reasons is right there in the first two initials of an LLC: Limited Liability. By creating an LLC or similar corporate formation for your business, you can prevent...
For many startup owners and entrepreneurs, following their passion by building their own business was at least in part a way to avoid cubicle life, spreadsheets, and generally uninteresting issues of corporate finance and compliance. But as your business grows, these...