Business formation - NCH - Page 9

Business formation November 2, 2023

Partnerships vs LLCs: A Comprehensive Comparison

Partnerships Partnerships, often regarded as one of the oldest forms of business entities, are characterized by their simplicity and flexibility. In a partnership, two or more individuals pool their resources, skills, and expertise to achieve a common business goal. There are two primary types of partnerships: general partnerships and limited partnerships. In a general partnership, […]

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Business formation October 26, 2023

C Corp vs S Corp: A Comparative Guide for Business Owners

Picking the right structure requires a thorough understanding of their advantages, disadvantages, and characteristics, as well as how they align with your business’s objectives. S Corps An S corporation combines the limited liability protection of a corporation with the pass-through taxation of a partnership or sole proprietorship. This means that the business itself is not […]

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Business formation October 25, 2023

LLC’s To Manage Your Risk Tolerance

Last week I wrote an article “When Do S-Corps Make Sense.” I have a client we started working with in 2010, Kiesha. She started out using wholesaling and rehabbing to generate chunks of cash. Kiesha would sell some of the rehabs and use the BRRR method to build her long-term rental portfolio (buy, rehab, rent, […]

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Business formation October 24, 2023

Is a C Corporation or LLC the Best Structure for Your Business?

What Are C Corporations? A C corporation, often simply referred to as a “C corp,” is a separate legal entity from its owners, known as shareholders. This separation provides an important advantage: limited liability. Shareholders are typically not personally liable for the corporation’s debts and liabilities. The personal assets of the shareholders are protected should […]

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Business formation October 19, 2023

Top Businesses to Start in 2024

In this blog, we’ll discuss which ventures are poised for remarkable growth this coming new year. Profitable Businesses to Start in 2024 We’ve listed the most profitable businesses to establish in 2024 and categorized them into low, medium, and high capital. Low Capital Businesses Low-capital businesses are ventures that require little to no capital at […]

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