C corps need to have board meetings and record minutes, which is often a requirement that’s waived for LLCs. Benefits of an LCCOwners are not personally liable for the company’s debts or liabilities. Their personal assets, such as houses or cars, are protected. Owners can choose to be...
both of which are regulated under the Internal Revenue Code. While an S corp vs. a C corp share some similarities, such as limited liability protection and corporate governance, their differences in taxation, ownership restrictions, stock options, and employee benefits set them apart ...
Owner’s draw vs. salary: Advantages and disadvantages Each approach has its benefits and drawbacks. Let’s take a look at the advantages and disadvantages of each option to help you decide what may work best for your business. Advantages of owner’s draw ...
Each offers its own set of benefits and drawbacks. Postpaid plans offer the greatest features but typically at a premium cost and with a some length of a term commitment, such as one-year. Prepaid plans are usually cheaper than their postpaid counterparts, perfect for the budget-conscious ...
According to the trade-off theory, costs and advantages should be weighed before choosing the source of financing to determine the best mix of debt and equity funds [19]. This trade-off will result in an optimal CS with the same additional benefits and reduced loan expenses, raising the firm...
S corporation, commonly referred to as S corp, refers to a tax status available to qualifying LLCs and corporations. It can have substantial tax benefits, depending on a variety of factors. First, you should understand that an S corporation is not a business structure like a sole proprietorshi...
Benefits of trade names Having a trade name allows you to legally conduct business under multiple names, including the name your customers might end up calling your business anyhow because they are likely to drop the “LLC” or “Inc.” designation. It comes with some benefits: ...
A unique property amenity valued at $100 (spa or food and beverage credit)Hot Tip: Unlike The Hotel Collection, there is no minimum number of nights required to earn Fine Hotels & Resorts benefits. You will be able to get all of these benefits even on a 1-night stay!These...
A business needs to answer questions related to cost, to product/service features, to potential fears, to drawbacks, to misunderstandings and to specific inquiries. If a business doesn’t know which questions to answer, all they have to do is ask their customer/client audience what...
Part 3: How to build your brand, portfolio and professional network Now that you’ve mastered incorporating as a freelancer, benefits, and taxes, it’s time to think about marketing your services and building a brand presence. You do want this to be a career, don’t you?