Tag: C-Corporation

How to Change a C Corporation to an S Corporation

When I first incorporated my business, I organized as a C Corporation . . . but I wasn’t exactly sure what I was doing. Now, I might want to change my C Corporation to an S Corporation. Is it too

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Tricky Corporate Terminology Tripping You Up?

What the heck is an operating agreement? What’s the difference between a member and a manager? What is double taxation, and how can I avoid it? Corporate terminology can be tricky, but it’s important that you understand all the lingo

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Which Type of Business Is Best For Me? An Overview

Starting a business is tough. There are lots of things to think about—the industry landscape, your market, finding the startup cash you need—and which type of business is best for you is no less important a decision. Let’s take an

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Why Not to Start a Business

Starting a business can be a rewarding, fulfilling experience. There are all kinds of great reasons to start a business: you’re passionate about what you’re doing, you believe you can fill a need (or better yet, create a need) in

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Organizing Your Business Part 3: Corporations

The creation of a corporation is the creation of an artificial person. For legal and tax purposes, a corporation is a separate entity from its owners. A corporation can make purchases, enter into contracts, pay taxes, and sue and be

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