by Darcee | Aug 12, 2009 | Bookkeeping, General News, Virtual Assistant
Limited Liability Company (LLC) The LLC is a relatively new type of hybrid business structure that is now permissible in most states. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a...
by Darcee | Aug 1, 2009 | Bookkeeping, General News, Virtual Assistant
Corporations A corporation chartered by the state in which it is headquartered is considered by law to be a unique entity, separate and apart from those who own it. A corporation can be taxed, it can be sued, and it can enter into contractual agreements. The owners of...
by Darcee | Jul 21, 2009 | Bookkeeping, General News, Virtual Assistant
Partnerships In a Partnership, two or more people share ownership of a single business. Like proprietorships, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions will be made,...
by Darcee | Jun 29, 2009 | Bookkeeping, General News, Virtual Assistant
Sole Proprietorships The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibilities for running the business. Sole proprietors own all the assets of the business...
by Darcee | Jun 20, 2009 | Bookkeeping, General News, Virtual Assistant
Forms of Ownership One of the first decisions that you will have to make as a business owner is how the company should be structured. This decision will have long-term implications, so consult with an accountant and attorney to help you select the form of ownership...