Tag: s corporations

Organizing Your Business Part 4: LLCs

In our last post, “Organizing Your Business Part 3: Corporations,” we looked at the different types for for-profit and nonprofit corporations. Now, it’s time to take a look at what makes LLCs different. LLC stands for Limited Liability Company. (Notice that

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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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