Legal & Finance

Of all the different business formats, the corporation is the most expensive to set up and maintain. So how much does it cost to incorporate a business? The answer depends on how many owners you have. For corporations with just one shareholder, the cost to incorporate can be as little… Read More »How Much Does It Cost to Incorporate a Business?

Believe it or not, everything you need to start a corporation can be found online and for free. The document you need to file with your state agency is just a form. You fill it out, attach the filing fee, and file it with your state. When the state accepts… Read More »How to Start a Corporation

Everyone seems to have a loose understanding of what is a corporation. But, when you drill down to the nitty-gritty, most people won’t be able to tell you the details. For example, most people don’t know what a board of directors is or how they interact with the rest of… Read More »What is a Corporation?

As a businessperson, you are—and always will be—concerned with how much things cost. Now that you’re thinking about setting up an LLC, naturally you’ll want to know how much would setting up an LLC cost. Depending on whether you’re setting up a single-member LLC or a multi-member LLC, an LLC… Read More »How Much Does Starting an LLC Cost?

We really like the limited liability company (LLC) as a business format for small businesses. But how do you set up an LLC and then maintain it afterwards? What are the mechanics of it? This is what we’ll focus on, in this article. We’ll take you step-by-step through the process,… Read More »How to Set Up an LLC

If you have a side gig and are thinking of turning it into a “real” business, then people have probably suggested that you should run it as an LLC. So, what is a limited liability company (LLC)? Is it really as great as people say it is? Why, yes, the… Read More »What is a Limited Liability Company (LLC) and Why it’s Great for Small Businesses

So you want to form a partnership for your business. You’re sure about this even after reading the plusses and minuses of this business format. (Hint: We don’t like partnerships for small businesses. We think LLCs or S corporations are better.) Not a problem. Here’s our step-by-step guide on the… Read More »How To Form a Partnership

A lot of business lawyers cringe when a business owner calls a business associate a partner. That’s because partner has a very specific meaning under the law. When a business owner calls another a partner, they don’t usually mean the legal meaning. So…what is that legal meaning? What is a… Read More »What is a Partnership and Can We Talk You Out of It?

Some people call themselves freelancers. Others call themselves contractors. Under the law, they’re all probably sole proprietors. And in this gig economy, starting a sole proprietorship is on the rise. So how do you start a sole proprietorship? And once you set up a sole proprietorship, do you have to… Read More »Starting a Sole Proprietorship: The Easiest Way to Run Your Small Business