LLC vs Sole Proprietorship: Which Business Structure is Right for You?
Starting a new business comes with a long list of decisions, and one of the most important is choosing the right legal structure. For many entrepreneurs, that choice comes down to two common options: operating their business as a sole proprietorship or registering their business as a limited liability company (LLC). Both have their benefits […]
Maintaining Good Standing: Tips to Keep Your Business Compliant
Keeping your business in good standing with the state where it is registered is essential for protecting your LLC or corporation and maintaining the legal status and credibility. Whether you’re an up-and-coming entrepreneur or managing an established company, understanding how to maintain business compliance can help avoid hefty penalties, administrative dissolution, and costly disruptions. In […]
Benefits of Incorporating in Delaware
Did you know that when you’re ready to incorporate your business, you have options as to where your business will be incorporated? In some states, such as Delaware, you are not required to have a physical headquarters in that state in order to have your business incorporated there.
Ready to Incorporate Your Business?
Perhaps you’ve been operating as a sole proprietor and it is time to expand into a limited liability corporation (LLC), or maybe you have decided to launch a new business venture and you’re ready to fully incorporate your business.
10 Important Things to Know and Do When Starting a New Business
About half of all new American businesses fail within five years of opening their doors, according to the United States Bureau of Labor Statistics. Oftentimes, it is a lack of prior research, planning, and preparation that forces small companies to shut down soon after getting started.