Author: Content Curator

Most business owners consider starting an LLC as the smart choice. Some prefer this corporate entity for its flexibility, some for its personal asset protection.

There is no doubt LLCs can minimize risk significantly, especially on the owner’s part.

Anyone can form an LLC with no restrictions on citizenship, the number of members, or business type. The only limitation that may come into play concerns licensed professionals.

You see, while an LLC doesn’t involve stringent formation rules, only licensed professionals by the state licensing board can form a PLLC. Read on as I tell you how adding a P before LLC changes incorporation rules in the business world.

What are LLC and PLLC Entities?

Despite the similar names, an LLC and a PLLC aren’t the same. Let’s review what both acronyms mean and how they work.

What’s an LLC?

A limited liability company (LLC) is a legal business structure that provides business owners with certain perks, namely, limited liability protection and a sole proprietorship and partnership’s pass-through taxation benefits.

LLC owners have the flexibility to shape the company, its profit structure, and its profit allocation according to their needs and goals. At the same time, they get personal asset protection if the business is ever sued—unlike a sole proprietorship or a partnership structure.

And that’s not it: LLCs are also simpler than corporations and don’t run the risk of double… Read More

Your choice of business entity directly affects your business’s bottom line. It’s why business owners want a clear-cut answer to the classic LLC vs. C-Corp debate.

In both cases, you’re shielded from corporate liability. But there are a few notable differences crucial for you to understand. In this guide, I’ll detail their similarities and differences to help you decide the better entity structure for your business.

Let’s dig right in.

What are LLC and C-Corp?

Let’s take a look at what an LLC and C-Corp mean.

What’s an LLC?

A Limited Liability Company (LLC) is a U.S. business structure set up under state statutes that can be used to own and run almost any type of business. It combines the zero-formality and flexibility attributes of a sole proprietorship or partnership, along with the limited liability protection reserved for corporations.

Since owners can’t be sued for their personal assets, LLCs are a great option for people who want an entity to hold its real estate or other appreciating assets. Even investors and entrepreneurs prefer it because of the tax flexibility and asset protection.

It’s important to note that the IRS doesn’t recognize the LLC business structure for federal taxes. You have to decide between a default tax method or choose to be taxed as a distinct IRS-recognized business entity.

What’s a C-Corp?

Contrarily, a C-Corp or C Corporation is a legal and IRS-r… Read More

Incorporate.com has more than a century of experience in the business formation space. It’s a branch of Corporation Service Company (CSC) that was founded back in 1899.

Naturally, the business has changed quite a bit over the last 122 years. Today, Incorporate.com serves as a fast and easy way to form businesses online. As a pioneer and industry leader in this space, more than 750,000 LLCs and corporations across the country have been started with Incorporate.com.

They offer a wide range of services to start a business, maintain a business, and everything in between. From obtaining an EIN to S-corp election and business licenses, Incorporate.com has it all.

Is Incorporate.com right for you and your business? Use this guide to find out.

Sign up for Incorporate.com today.

Incorporate.com Business Formation Services

As previously stated, Incorporate.com offers a plethora of services. But its business formation plans are definitely the most popular, so that’s what the bulk of this review will focus on. Those formation services can be segmented into three main categories—LLC services, incorporation services, and registered agent services.

Continue below to learn more about the packages, pricing, benefits, and discover what real customers have to say about Incorporate.com for business formation.

Incorporate.com LLC Services

You can use Incorporate.com to form an LLC (limited liability company) in all 50 states. Once you sele… Read More

“Human resources” is a broad term that covers a lot of ground, which means there are many jobs within the human resources department. With everything from HR director to recruiter and everything in between, there are plenty of different opportunities and different levels within this field.

Before you determine whether HR is right for you, you’ll want to know the salaries that go along with jobs in this field. They vary greatly depending on the position and your experience. This guide provides you with the essential information you need to know about HR salaries, so you can decide whether a move into HR is right for you.

What Can I Expect With Human Resources Salaries?

Because the human resources department has its finger on the pulse of employee salaries, people currently in or looking to go into this field must know how to negotiate for a competitive salary. Thus, you need to have a good idea of what someone in your desired position makes to leverage that information.

One key thing to note is that what you get paid as a human resources professional depends significantly on the position you hold under the umbrella of HR. According to the Bureau of Labor Statistics, HR specialists make an average of around $59,000 a year, and HR managers pull in, on average, $107,000 a year. That’s a big difference.

Several things play a role in your salary as an HR professional – not just your position in the HR hierarchy.

The Basics of Human Res… Read More

Your business structure affects your taxes, capital funding capability, paperwork, and your personal liability. Rushing to a decision can have consequences—serious ones—so it’s best to review your options carefully.

Many business owners find themselves mulling over LLC vs. partnership business structures. As each choice has its share of pros and cons, you have to consider which one aligns best with your short-term and long-term business goals.

Keep reading as I discuss the differences and similarities between LLCs and partnerships in detail to help you choose the right structure for your business.

What are LLCs and Partnerships?

Before deep-diving into these corporate structures, let’s first define them.

What’s an LLC?

An LLC, which is the acronym for Limited Liability Company, is a business legal entity that combines the operations of a partnership with the limited liability protection of a corporation.

LLCs can have one or more owners called members. Every member has a percentage of the business equity or ownership and is responsible for running the business following an operating agreement.

An LLC is also regarded as a pass-through entity. This enables members to claim the company’s profits or losses on their individual tax returns, which, in turn, helps them avoid the double taxation effect.

It’s due to these benefits that LLCs have become increasingly popular among entrepreneurs.

What’s a Partne… Read More