If you are considering starting your own business or if you think you may need to change your business entity, you should think about a Limited Liability Company or LLC. There are a variety of business entities from which you can choose and each one has various benefits. Those benefits often involve protection from legal liability and tax consequences. Here are some of the reasons you should consider an LLC. How does an LLC work? One of the primary advantages of creating an LLC is the fact that … [Read more...] about Why Considering an LLC is a Good Idea

If you have made the leap from gaining experience in a job to starting your own company, then you understand the importance of protecting that business. Every small business needs to have a business succession plan. Understanding the Purpose of a Business Succession Plan Just as an estate plan provides a way to protect your assets from creditors and taxes, a business succession plan provides a way to ensure that your business assets are protected.  A business succession plan also provides a way … [Read more...] about Business Succession Plan