Pros and Cons of a Limited Liability Company (LLC)

August 30, 2021

A Limited Liability Company, also known as LLC, is a much easier business structure to set up compared to corporations, such as an S and a C corporation. It provides flexibility and protection for the owners and shareholders. However, as with all business structures, you should consider all pros and cons of an LLC before deciding to form one.Here a...

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S Corp vs C Corp - Detailed Comparison

August 27, 2021

Trying to decide between an S corp vs. a C corp when incorporating your business could be tricky without knowing the two business-type entities properly. If you also want to know more about a limited liability company, check our devoted article - Pros and Cons of an LLC.There is no one right solution for what is better when considering what structu...

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IRS Form 2553 Filing Instructions

August 25, 2021

When you consider changing the status of your corporation into an S corporation, you would need to familiarize yourself with IRS Form 2553. Becoming an S corporation allows you to enjoy tax benefits and returns and shareholder dividends.Use this guide to learn more about IRS form 2553 filing instructions on how and when to submit it. What is F...

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