Business People Club

Search All Topics !

Business Entity Options

0 like 0 dislike
487 views
by FatKomodoDragon

business

When forming your new business structure, you must consider the best possible alternative of the available business structures.  While a sole proprietorship is the easiest type to create, there is no separate identity.  Personal liability belongs to the owner.  Should there be a lawsuit, accident or you incur debts that you can’t repay, your personal assets are at risk.

The type of entity you choose should be based on careful consideration.  Each state has specific rules for the structure of each type of entity.  You should investigate the type of entity, the rules and laws pertaining to each in your state and at a federal level.

The choices are – sole proprietorship, partnership, limited liability partnership, corporation, C corporation, S corporation, and  LLCs.  Sole proprietorship provides the least protection while corporations and LLCs offer limited personal liability for debts or judgments against the company.

When creating your entity, you should use an attorney to create written documentation of the entity’s organization and structure.  Your attorney, accountant or CPA can advise you of the legal and all tax consequences of your choice.  Doing a little research prior to contacting a professional will reduce the time spent with an expensive professional.  Do your due diligence to protect yourself and your family.

Please log in or register to reply to this post.

Related posts

0 like 0 dislike
0 comments 908 views
New Technologies Open Business Opportunities Up to Everyone

It wasn't all that long ago that launching an Internet business meant navigating a maze of technical intricacies. Once you came up ... are in high demand and the desire to capitalize on that demand.

image
by Tabooccaneer
0 like 0 dislike
0 comments 808 views
Auditing Business Performance

At one level this is a relatively simple tool, requiring the management to select a key area of business activity and to ... quality standards are being met, and of course, continuously improving.

image
by GreedySmile
0 like 0 dislike
0 comments 711 views
5 Pillars To A Successful Home Business

- Hustle: Generally, people who make it big have one thing in common-they are dissatisfied with the status quo. They will not take ... and effort. Be aware of what message your body is sending off!

image
by Robottom
0 like 0 dislike
0 comments 892 views
10 Steps To Running A Home-Based Business

The failure or success of a business often relies on the most fundamental operations-the ones that often get overlooked as a tipping point process ... is your dream; do all you can to keep it alive.

image
by Wallaby
0 like 0 dislike
0 comments 700 views
7 Points In Finding A Home Business

There is so much information online it's amazing. You find something that interests you and you request information and then you ... use this information to find what you are looking for, freedom.

image
by OpinionOwl
0 like 0 dislike
0 comments 952 views
10 reasons for starting a profitable home business online

It's possible to start a home business online with very little outlay and you can easily earn from $100 to thousands per day. 1. You ... and ties unless you want to wear them, but that's your choice.

image
by SleepyFledgling
0 like 0 dislike
0 comments 684 views
7 Tips to Starting a Successful Small Business

Getting a small business off the ground is challenging to say the least. Here are some tips which will prepare the ground for ... this? Understand that in every problem there is potential for good.

image
by Mosquiche
0 like 0 dislike
0 comments 554 views
5 Top Things Baby Boomers Must Do Before Starting A Home Business

Don't quit your day job just yet. If you are a baby boomer looking to start a home business, there are 5 essentials things you must ... 9-5 job, but there are also important steps we must take first.

image
by GamerAlpaca
0 like 0 dislike
0 comments 263 views
The Importance Of Business Plan

Do you need more money to expand your business? If yes, you need a business plan. If you are starting a business, despite the ... Make it a priority to have this crucial road map for your business.

by MammothMoth
0 like 0 dislike
0 comments 547 views
5 Ways to Stay Motivated in Your Work at Home Business

Whether you're just starting out with your work at home business or you've had a home business for many years, you'll need to stay ... work at home business. You deserve success, so don't give up!

by HistoryGuy
0 like 0 dislike
0 comments 807 views
Avoiding the Scams: How to Find a Business Opportunity That is Right for You

It is heartbreaking to me that so many women with big dreams get knocked down by ruthless business opportunists who take ... a business opportunity that will be both fulfilling and profitable.

by Finderpros
0 like 0 dislike
0 comments 658 views
Are You Serious About Your Work At Home Business?

Are you treating your business like a Fortune 500 Company or like a Yard Sale? Take this quiz to find out. How would you ... company? I hope you'll take your first step today towards success.

by LovableStorm
0 like 0 dislike
0 comments 808 views
Starting A Small Ecommerce Business

With a little knowledge, skills, and determination, anyone can start an ecommerce business. In this article, I'll go ... marketing, shopping comparison websites, email marketing, and joint ventures.

by Robottom
0 like 0 dislike
0 comments 457 views
Business Strategy: Clarify Your Purpose And Vision

Whether it's the beginning of a new year or we're half way through, you want it to be your best year ever. You are no doubt ... process will work, you'll be amazed at the answers that will emerge.

by Prepatriarch
0 like 0 dislike
0 comments 406 views
High Income Business Opportunities

There are a lot of opportunities to make a lot of money working at home. In this article we will talk about a variety of specialized, ... your work, you'll tend to be more successful in the long run.

image
by Explorer
0 like 0 dislike
0 comments 727 views
Three Things You Should Know Before Buying a Business Franchise

Business franchise refers to the arrangement entered upon by the owner of a certain business with another party who is interested in ... with the company that's tried and tested over the years.

image
by TrainedGuy
0 like 0 dislike
0 comments 432 views
Starting a business? Are you realising a dream or avoiding a nightmare?

Every business or business idea is conceived for different reasons, but in most cases can be put down into two reasons, either to ... be one of the most rewarding and fulfilling challenges in life.

image
by Conjursa
0 like 0 dislike
0 comments 515 views
Business Planning Help: Finding The Help That You Need

Business planning help is help that is structured to help your business in any way that you need it. It can help you ... Get focused and get motivated to finding and implementing your business plan.

image
by HarmlessRose
0 like 0 dislike
0 comments 811 views
5 Lessons Your Kids Will Learn By Starting A Business

Kids need to be kids and enjoy their time as children. But, at the same time, as they get older, they also need to learn to make ... for which option you'll choose? That's up to you and your child.

image
by Celestiger
0 like 0 dislike
0 comments 705 views
Starting a Credit Repair Business

If you are looking to start a credit repair business, one of the first things you will need to do is find people who need their credit ... , you can get them fresh or in real time. Best of luck.

by MysteryWasp
0 like 0 dislike
1 Comment 580 views
0 like 0 dislike
1 Comment 286 views
How to find customers for my home based business?

I want to find more customers for my home based business. Any tips?

by Knighthawk
0 like 0 dislike
1 Comment 854 views
How to clarify your business purpose and vision?

How to clarify your business purpose and vision?

by Camella
0 like 0 dislike
1 Comment 1,002 views
Facts about starting a business?

Facts about starting a business?

by Titank
0 like 0 dislike
0 comments 733 views
What are the business start up costs?

If you are considering starting your own business, then you have no doubt considered the investment required for various business start-up ... sites that can help you get your business up and running!

image
by AfternoonFay
0 like 0 dislike
1 Comment 772 views
0 like 0 dislike
1 Comment 687 views
0 like 0 dislike
1 Comment 239 views
0 like 0 dislike
1 Comment 512 views
0 like 0 dislike
1 Comment 899 views
0 like 0 dislike
1 Comment 732 views
How to know I am Ready To Become Self-Employed By Starting An Online Home Business?

How to know I am Ready To Become Self-Employed By Starting An Online Home Business?

by GamerAlpaca
0 like 0 dislike
1 Comment 474 views
How To Get About Starting A Small Business?

How To Get About Starting A Small Business?

by AmazingKitty
0 like 0 dislike
1 Comment 885 views
How to Earn Money at Home With a Money Brokering Home Based Business?

How to Earn Money at Home With a Money Brokering Home Based Business?

by Camella
0 like 0 dislike
1 Comment 730 views
0 like 0 dislike
1 Comment 239 views
Starting a computer repair business?

I am starting computer repair business. Any tips would be helpful?

by Explorer
0 like 0 dislike
0 comments 816 views
Working At Home Is Great, But Requires Discipline

Choosing to have a home business is a great step towards achieving self-reliance and financial independence. But often times when people ... . Start by making your to do list for tomorrow today.

by HarshThunder
0 like 0 dislike
0 comments 1,046 views
The Importance of Call Centre Staff

Most businesses invest fortunes in any way they think will make their company thrive, from advertising and brand management to ... more money, and be treated with more respect, elsewhere.

by Knighthawk
0 like 0 dislike
0 comments 1,003 views
5 Good Reasons a Self-Employed Professional Should Take Vacation

So you think you're not justified in taking time away from your business because you're self-employed? Here are five great reasons why ... if you take regular vacation time. You'll be healthier, too!

by GraveGrass
0 like 0 dislike
0 comments 446 views
What you need to be a Dropshipper

First off, you will need products to sell. Be very carefull when looking for dropshipping suppliers online there are many unscrupulous people ... id. It costs $4.99 online and you get it instantly.

by Tomatoad
0 like 0 dislike
0 comments 219 views
Web Accessibility Facts: 10 Things You Didn't Know

So here is the top 10 accessible tips: 1.With the deadline for website accessibility is October 2004 when all points of the ... be 993 million people accessing the net through these devices by 2006

by GamerAlpaca
0 like 0 dislike
0 comments 226 views
Top 6 Reasons You Need a Website

Some business owners struggle with the idea of starting a business website. Why do you really need a website? Well, there are several ... you actually have one and see the benefits you get from it.

by Scorpeon
0 like 0 dislike
0 comments 175 views
Five Tips For Combining Work And Leisure While On The Road

When your job takes you away from home, bringing your family along may actually make good business sense. With travel industry ... next business trip could also be a minivacation with the family.

by AmazingKitty
0 like 0 dislike
0 comments 194 views
A Change in Career a Change in You

Some of us are lucky (or unlucky) enough to start our own business, we work all the hours under the sun and moon and think that this is it, this is going ... s.......................... the INTERNET.

by Knightmare
0 like 0 dislike
0 comments 950 views
Easy Work From Home Ideas – Quickstarts For Everyone

Worthy efforts in offering great energy towards the completion of a challenging task and finding success through tenacity and intelligence and ... and the cash, not the pride, they give you.

image
by PlushSeal
0 like 0 dislike
0 comments 322 views
How To Learn Internet Marketing and Make Money From Home

Are you searching for a way to make money from home? Well, if you are at all computer-literate, you should consider ... have been transformed from a total newbie to an accomplished internet marketer.

by HarshThunder
Connect with us:
...