Corporations are the oldest of business entities. Like the other business entities that we have talked about, they are relatively easy to form. They can satisfy some objectives and not others. There’s some tax considerations and long-term goal considerations in...
Like sole proprietorships, general partnerships don’t require any filings and are created automatically. Lettuce simultaneously convenient and dangerous. General partnerships have their purpose but are typically not recommended. Relative to the other options and...
The long and short is that it really doesn’t make sense to ever be a sole proprietorship; not even a lemonade stand. Why? Well, because even lemonade stands have liability exposure. Why open that up to your personal hard-earned assets? It’s not overly...
As we said, forming a business entity is easy but not easy to do correctly. There’s goals, vision, tax, partners, investors, state implications, visibility issues, and your particular product and service to take into consideration. This video gives you a high level...
Forming a business entity is easy to do, but not as easy to do right. To start, you’ll learn from this video series that forming the wrong entity can be a huge problem. Also, putting the wrong information on the filing can be harmful to you as well. Remember that...
Some non-legal advice to get us started. Part 2 of 2. Don’t forget to download our FREE: Business planning stress test Florida business entity comparison chart Additional Resources: If you’ve been struggling with growing your business, I’ve got something I want you...
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