by Steven Tennies | May 6, 2013 | Business Formation
Deciding to start a business is an exciting decision. But determining how you should formally organize and structure it can be intimidating. At best, the determination is often the result of a kind of calculus that looks at formation expense, personal liability...
by Steven Tennies | May 6, 2013 | Business Formation
Whether you already own a small business or are considering starting one, you may be curious about what your business entity options are and the pros and cons of each. In this article I’ll explore the sole proprietorship—what it is, how to form one, and its advantages...
by Steven Tennies | May 6, 2013 | Business Formation
Going into business can be a real challenge, especially when there’s more than one owner. In this article I’ll explore partnerships—what they are, how to form one, and their advantages and disadvantages. Partnership defined A partnership is a business structure owned...
by Steven Tennies | May 6, 2013 | Business Formation
Corporations are misunderstood and, as a result, misconceptions about them abound. Some entrepreneurs definitely benefit from incorporating while at least as many do not. For you to make an informed and intelligent decision as to whether or not you should incorporate...
by Steven Tennies | May 6, 2013 | Business Formation
The limited liability company or LLC is the new kid on the block and combines some of the most significant advantages of partnerships and corporations into one. The first LLC was formed in Wyoming in 1977. But LLCs caught on like wildfire due to the personal asset...
