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Business formation April 23, 2014

Non-Profit Benefits

A non-profit corporation is a company or organization formed for purposes other than making a profit. Like standard for-profit corporations, non-profits provide limited liability protection. The personal assets of directors and officers typically cannot be used to satisfy the debts or liabilities of the non-profit. Non-profit corporations are formed pursuant to different state laws than […]

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Business formation April 16, 2014

Limited Partnership Benefits

Limited partnerships are composed of a minimum of two types of participants: general partners and limited partners. A limited partnership is similar to a general business partnership while still offering limited liability protection to some of the partners. Limited partners act as silent partners making a capital investment much like passive shareholders in a publicly […]

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Business formation April 9, 2014

S Corporation Advantages

The corporation offers tremendous flexibility and advantages that generally outweigh all other business entities, the corporation is the most secure entity in business. S corporations provide the same limited liability to owners as C corporations, meaning that owners typically are not personally responsible for business debt and liabilities. S corporations are corporations that have elected […]

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Business formation April 2, 2014

C Corporation Advantages

C corporations provide limited liability protection to owners, meaning owners are typically not personally responsible for business debts and liabilities. Starting a C corporation may also offer greater tax advantages because of an expanded ability to deduct employee benefits, which are most often used by growing businesses. A C corporation can provide the following advantages: […]

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Business formation March 5, 2014

Certificate of Good Standing

A Certificate of Good Standing, sometimes called a Certificate of Existence or Certificate of Authorization, is a state-issued document used to demonstrate that a corporation or limited liability company exists or is authorized to do business in the state and has complied with all state-required formalities. Businesses often must obtain a Certificate of Good Standing […]

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