Business Structures Articles For Entrepreneurs & Small Business Owners

Best Time to Incorporate

The Best Time to Incorporate The best time to incorporate for almost any business owner is when: They first start the company When an existing Sole Proprietorship or General Partnership starts earning revenue or has any interaction with the public. The company operates in a highly litigious industry. For example, construction, consulting etc. You want [...]

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Businesses Proud Of Their B Corp Stamp Of Approval

Businesses that achieve B Corp status say the process is time-consuming and extensive, but they are reaping the benefits of being B Corp certified. B Lab, a non-profit organization, created a unique prestigious qualifying business structure for entrepreneurs since 2007. The B Corp businesses have to meet high standards in labor or employment policies, environment [...]

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C-Corp, S-Corp, or LLC?

How Do I Decide Which Entity To Go With? This is probably one of the most frequently asked business legal questions of all time: which entity should I organize by business under and why? Well, it depends (typical attorney answer). Business owners organize (formation of entity) for tax and liability purposes. For the typical small [...]

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Buy a Business – Asset Purchase vs. Stock Purchase

Buying a business, especially if it is your first time, can be overwhelming.  Will you purchase the assets of the business, or its stock?  Which is more beneficial for you?  There is no clear-cut answer to this question as it really depends on your circumstances.  In an asset purchase, you buy the company’s assets – [...]

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Could ISO 9001 Be Beneficial For Your Business?

ISO 9001 is an internationally recognised standard for internal quality management that has been set by the International Organisation for Standards. In other words, it is a certification that can be achieved by businesses once they have a certain level of internal quality management system in place. Internal quality management covers everything from taking orders [...]

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Different Levels Of IT-Based Assistance For Corporate Structure All Across The World

Soaring Competitions Demand Something Extra Businesses all around the world have to face one factor generally, i.e. increasing competition. This is especially true for online business scenario. Though it seems unpleasant, but this is the factor that serves as the basis of technological evolution which is offering increased ease and convenience to end users. This [...]

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Content Overload: What We Need is a Storage Jedi

“Pain, suffering, death I feel. Something terrible has happened. Young Skywalker is in pain. Terrible pain” – Yoda, George Lucas Star Wars Oh come on…give us a break! Yottabytes, Yoda? You thought the same thing when you heard that we’re creating, copying, sending, copying, receiving, copying, archiving stuff. Someone had to invent a new word [...]

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What Does A Consultant Know About Your Business That You Don’t Already Know?

As a small business owner you are intimately familiar with all aspects of your business. So what can a consultant tell you that you don’t already know?  The simple answer is that you know your business for what it is; the consultant can tell you what your business can become. Understanding both the opportunities and [...]

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How To Choose A Business Partner

If your business is going to be owned by more than one owner, the simplest business form to create and operate is a general partnership. Forming a partnership entails an agreement between two or more prospective partners. Whomever you choose to be a partner in any given business venture lies solely in what skills, attributes, [...]

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Mission, Vision, Goals

Today there is a lot of discussion about vision, mission, and goals.  In fact I see many companies investing loads of time, money and effort in coming up with their “mission statement.”  Usually this is a few inspiring sentences that are placed on plaques to hang on the wall or printed on the back of [...]

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Selling a S Corporation – New Tax Regulations for 2009 and 2010

On February 17, 2009 President Barack Obama signed the “American Recovery and Reinvestment Act of 2009” (“ARRA of 2009) into law.  Section 1251 of the bill temporarily reduces the recognition period for “built-in” gains tax (BIG tax) on S Corporations from 10 years to 7 years for the 2009 and 2010 tax years. Why is [...]

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Evaluating Being a S Corporation vs. a Limited Liability Company / LLC

Choosing an Entity Type Which is Best for You and Your Business. If you have just made the hardest decision of opting to go into business for yourself or if you have owned your own business for years, having a working knowledge of how your overall tax bill is determined can cost or save you [...]

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CPA Teaches Tax Payment And Filing Responsibilites

CPA Teaches Your Tax Payment/Filing Responsibilities Paying Your Taxes/Extensions…The IRS Requires us to Pay as We Go Since World War II, the IRS has been a pay as you go system. Prior to that time, the IRS simply collected their monies at the end of the year when one’s annual tax return was filed. Many [...]

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How To Buy A Profitable Business Without Losing Your Shirt

You may finally be in the position to fulfill your life-long dream of owing your own business and feel that buying an existing profitable business offers many advantages to starting from scratch.  That may or may not be true.  An existing profitable business will have customers, employees, established product lines and the existing equipment necessary [...]

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So You Want to Start Your Own Business?

If the time has come to strike out on your own you must, of course, begin with a plan for the operation of your new business. Preliminary considerations include where you will operate the business from (your home, rental space, purchasing or building, whether or not you will need to hire employees at the outset [...]

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How LLC’s Can Convert To An S Corporation Saving Owners Big $

Atlanta CPA on How LLC’s Can Convert To An S Corporation Saving Owners Big Dollars LLC’s came in vogue approximately fifteen years ago when the state of Georgia enacted legislation allowing LLC’s (Limited Liability Company’s) to be established. Although the LLC does allow for some greater flexibility and ease of operation it often results in [...]

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Choosing a Business Entity Type

The Advantages and Disadvantages of Incorporating as a Subchapter S Corporation, C Corporation, Limited Liability Corporation or Partnership When looking at what type of entity your business should be, we strive to balance the legal protection issues vs. the tax savings. Over the years, we have developed the mindset that there is no perfect election [...]

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