Buying and selling real estate in a corporation gives you limited liability against lawsuits. This makes the corporation responsible for paying any judgments or settlements. In addition, your personal ...

Not long ago, when an individual outgrew a proprietorship, a corporation used to be the norm. Today, limited liability companies (LLCs) are the new normal. But if you have a corporation—one you formed ...

A corporation is a legal entity separate and distinct from its shareholders. The corporate form generally shields shareholders from personal liability for the corporation’s debts. However, ...

Many small businesses operate quite successfully without being Corporations or Limited Liability Companies. In fact, the majority of very small businesses are either Sole Proprietorships or General ...

Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.

A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional services—such as doctors, lawyers, accountants, consultants, and architects.