Forming the Organization-Entity Selection

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Forming the Organization-Entity Selection

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Forming the Organization Structure

The most popular legal entity in the United States, today, is and LLC (Limited Liability Company).  Why? 85% of the people I as this question say “because I am protected if something happens?”  Are you sure? This lesson will help the entrepreneur learn the facts and see how it is applied in the real world of business.  One entity does not fit all needs so due the homework to get the facts.  This lesson will make you think and provide the information to ask more questions.  The more you learn, the more you will want to know.

Lesson number 1-an LLC is a legal entity organize in a state.  It is NOT a taxing entity.  Sign up for the less to learn more

Good Luck in your future Venture

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How to start your company is important but which form of entity you decide should not take a back seat.  There are many choices when one decides to go into business.  Most of these choices are not only confusing but also complicated.  They have both tax and legal implications.  This is a good time to gather your professional team (accountant and attorney) and start educating yourself on the pros and cons of each option.  Remember this is your life, not theirs.  Whatever choice is made only affects you, your business and your family.  Do you homework.

This lesson provides a step by step guideline to start a business emphasizing the practical aspects each choice.

  • EIN information
  • Sole Proprietorship
  • Partnership
  • S Corporation
  • C Corporation
  • LLC

The lesson also focuses on the tax and practical issues.  Many new entrepreneurs want to know if they are protected from personal liabilities.  There are many examples of real cases to explain the comparison of each of the entities.  Don’t go into this with a blindfold.

Good Luck!

Be Proactive! Anticipate!

Be Prepared!

 

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