Have you ever wondered what those letters and abbreviations you see behind business names stand for? They are business formations meaning they help define the…
Limited Liability Companies were, originally, meant to be a replacement for the standard partnership. In 1977, the IRS ruled that it would treat the very…
One of the biggest reasons why many people don't put additional thought into starting up a business is because they believe that it's expensive to…
We have written on non-profit corporations before, but as we only dedicated a sliver of a paragraph to how you actually form a non-profit, we…
What is an S Corporation? An S Corporation, or S Corp, is a specific type of business structure that offers the benefits of incorporation while…
What is an LLC, What They Are And How They Operated? A Limited Liability Company (LLC) is a business structure that combines the liability protection…
One of the first decisions every business owner needs to make is what entity to file their business as, and that choice is typically between…
Limited Liability Company formations outpace Corporate formations by nearly two-to-one, so the easy answer to this question seems to be that businesses prefer LLCs. However,…
Studious readers of our MyCorp blog may recall that, back in June, we covered non-profit corporations in a 'Business Basics' post, and answered a few…
Welcome to Part 2 of our Business Basics posts on Canada. Last week we took a quick look at corporate law in Canada, and explored…