While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.

Registering your business is a small but vital step on your journey to becoming an entrepreneur. You can typically do this yourself for free, but if you're worried about making a mistake or just want ...

Do I need a business bank account for my LLC? Starting a limited liability company (LLC) often raises questions about banking requirements that can leave new business owners confused. Many ...

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these red flags.

Under the S-Corp classification, an owner-operator must be paid a “reasonable salary” through W-2 payroll and this salary is ...

Are you looking to start a business in the Lone Star State? Forming an LLC in Texas can be a great choice for entrepreneurs, offering numerous advantages such as limited liability protection, tax ...

Generally, you'll pay yourself with an owner's draw. If you have a corporate LLC, take a salary instead. Many, or all, of the products featured on this page are from our advertising partners who ...