What are the advantages of forming a Corporation?
There are several advantages to organizing your business as a formal corporation. A corporation is a separate legal entity that is distinct from its individual owners. Businesses that …
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What is an S Corporation?
There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an S corporation. The …
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What is a C Corporation?
A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of taxation for this type of business …
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How to Finance a New Business
Starting a new business is never easy, and, unless you’re independently wealthy, you’ll need some money to get started. If you aren’t lucky enough to be able to borrow money from family members or friends to start your new business, you’ll need to borrow money from a bank or other lender. You can finance a business solely using your personal credit, at …
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The Board of Directors Duties of Care and Loyalty
The stock market gives many Americans a chance to have a small ownership share in publicly traded companies. Stock holders, as partial owners of the company, share in the company’s profit and loss. However, they often have little, if any, say in the business decisions of the company and they have no control over the everyday operations of the company. Instead, it is the …
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