What’s the difference between LLCs and corporations?

What’s the difference between LLCs and corporations? What’s the difference between LLCs and corporations? “LLC” and “corporation” are often used interchangeably to refer to companies that are created under State law. Generally, they are similar to one...

What happens when a business owner dies?

What happens when a business owner dies? What happens when a business owner dies? When a business owner dies, a significant issue is deciding who will be named the next owner. And this situation can get very complicated, especially if there has been no written...

What is an “S-corp” or a “C-corp”?

What is an “S-corp” or a “C-corp”? What is an “S-corp” or a “C-corp”? Whether referred to as an S-Corp or a C-Corp, a company is still, in general, a legal entity that is created under State law. Regardless of the name,...