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Archives: Corporations

Why Should I Form an LLC or Corporation?


Why Should I Form an LLC or Corporation? People often ask why they should consider creating an LLC or corporation for their business. Of course, every business is different, but here are some general factors that U.S.-based entrepreneurs should consider. The primary reason why businesses organize themselves as LLCs or corporations is to minimize liability. If you are operating a business, and it’s not a corporation or an LLC, then you are either a sole proprietor (if it’s a one-person business) or a partnership (if more than one person is an owner). These are the default modes. Sole proprietor or…

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3 Key Differences Between LLCs and S Corporations


New business owners often get confused when it comes to the differences between LLCs and S Corporations. In truth, the entities are similar in many ways. Both are designed to shield the individual owners from liabilities incurred by the entity. This means that in many circumstances, the owners of LLCs or S Corporations cannot be sued personally for the debts of the company. Additionally, both limited liability companies (LLCs) and S Corporations can enter into contracts, incur debts, and initiate lawsuits in their organizational capacity. Note that I’ve chosen to focus solely on S Corps in this article to keep…

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Crowdfunding: SEC to Miss Deadline for JOBS Act Rules


Crowdfunding: SEC to Miss Deadline for JOBS Act Rules My readers will recall that back in May 2012, I wrote about the JOBS Act and its revolutionary crowdfunding provisions. This new law promises to make a new source of funding available to startups and potentially create whole new industries. Unfortunately, this can’t happen until the rules are laid down, and it looks like the SEC is not going to meet its legally-mandated deadline.

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