Tag Archives: Business Entity

LLC vs. Inc.: Which Entity Is Right for Your Business? | Business News Daily

LLCs limit owner liability and offer more flexible taxation as a pass-through entity.

Corporations, such as S-corps and C-corps, are entities for larger, profitable businesses or those with shareholders.

How you incorporate your business entity has a profound effect on the organization of your company, the distribution of profits and losses, and the way your business is taxed.

This article is for entrepreneurs trying to determine the best type of business entity for their company when preparing to incorporate.

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How Entrepreneurs Can Significantly Reduce 2018 Taxes by Choosing the Right Business Entity | Entrepreneur

If you’re confused about what type of business entity to set up — entrepreneur or contractor — under the new Tax Cuts & Jobs Act of 2017, you’re not alone.

Whether you’re an Uber driver, tech startup founder or medical professional contractor, you’ll find that the new tax law will significantly impact your 2018 returns. So, don’t waste any more time mulling this question because you have only a few months left to make changes that will affect your 2018 tax liability.

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