One of the first decisions you need to make as a new business owner is to decide on an organizational structure. Two common types are sole proprietorships and limited liability companies (LLCs). Both ...

When you're starting a small business on your own, choosing a setup - or business structure - can seem daunting. As a business owner, you'll most likely first choose whether to run your business as a ...

Sole proprietors often look riskier to lenders than registered businesses, which could make it tough to be approved for a ...

Starting your new business requires careful planning, which includes deciding what type of legal business entity, if any, you will form to operate your business. For a small-business owner not forming ...

In business, "net income" is synonymous with profit. Depending on the legal structure of your business, however, net income represents either before-tax profit or after-tax profit, a difference that ...

If you’re starting a business, you’ll need to decide on a business entity type. Two popular options among new business owners are sole proprietorships and limited liability corporations (LLC). Which ...

Question: I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the ...

As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. Starting a business is all about taking things one step at a time. One big ...

If you’re getting into business for yourself and want to legitimize your venture, you’ll need to incorporate. Often, the answer is a sole proprietorship. The simplest and most common form of business ...