To understand how an LLC is taxed, first you need to understand how a traditional corporation is taxed. By traditional corporation, I am referring to what accountants and tax lawyers…

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If you're reading this page, you've probably decided two things: 1. Hiring an attorney to form your LLC (at $1,500 - $3,500) is too expensive; and 2. You're not going…

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You've developed a brilliant idea for a new website. You've arranged for hosting, design, payment processing, advertising and so on. You're working the SEO grindstone--getting backlinks and spidered and Google…

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One of the easiest ways to have your corporate veil pierced is to commingle (mix) business and personal funds. Activities such as these put your corporate veil at risk: Writing…

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Filing an EIN for your business is easy and can be done by almost anyone.  We show you how to file directly with the Internal Revenue Service (IRS) and will…

Continue Reading File an EIN in Under 5 Minutes at No Cost! | We Show You How!

For decades, the partnership or limited partnership were the entities of choice for real estate investment and real estate developers. The primary attraction of the partnership form is pass-through taxation.…

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You've started operating your business. Maybe you're running a website or selling products offline. You haven't incorporated or formed an LLC yet. A customer sends you a check written out…

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When discussing incorporation with people starting small businesses, I often hear a disturbing misunderstanding of the law. People say to me, "I have registered my business as a DBA with the…

Continue Reading What You Don’t Know About DBAs Can Hurt You And Your Business!

After all the hard work it takes to create a product or sell your service, the last thing most of us want to do is have more administrative hassles. But,…

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Paying yourself as an employee All though you are the sole member of an LLC, could you still possibly pay yourself as an employee? For instance, when you get Quickbooks,…

Continue Reading Answers To Visitors Questions About How A Small Business Owner Pays Him Or Herself