Archive for August, 2014

How to Create a Business Plan

How to Create a Business Plan

  • August 28th, 2014
  • jrhassociates
  • Comments Off on How to Create a Business Plan

The first step to starting a business is when you create a business plan. What is a business plan? It’s a living document that details your plans for the next 3-5 years—where your company plans to go, how they plan on getting there, and the revenue growth that you anticipate…

Starting a Sole Proprietorship

Starting a Sole Proprietorship

  • August 27th, 2014
  • jrhassociates
  • Comments Off on Starting a Sole Proprietorship

If you’re looking for the easiest, least involved form of a business to start, skip over the different kinds of partnerships and types of corporations, because you’re probably most interested in starting a sole proprietorship. In doing so, you establish a business that is unincorporated and owned solely by you….

The Disadvantages of an LLC That You May Not Know

The Disadvantages of an LLC That You May Not Know

  • August 25th, 2014
  • jrhassociates
  • Comments Off on The Disadvantages of an LLC That You May Not Know

When you’re trying to decide what type of company you should set up, it’s important to look at each type from all angles. While there are certainly advantages of an LLC, what are the disadvantages of an LLC? Well, there are a few, and you definitely need to be apprised…

The Biggest Advantages of an LLC

The Biggest Advantages of an LLC

  • August 22nd, 2014
  • jrhassociates
  • Comments Off on The Biggest Advantages of an LLC

So you’re wondering about what type of company you should set up. You consider the different kinds of partnerships and different types of corporations that you could establish. But you decide that maybe a Limited Liability Company (LLC) is right for you—a bit of the best of both worlds. Before…

What Type of Company Should I Set Up? What are LLCs?

What Type of Company Should I Set Up? What are LLCs?

  • August 20th, 2014
  • jrhassociates
  • Comments Off on What Type of Company Should I Set Up? What are LLCs?

If you’re stuck wondering to yourself, “What type of company should I set up?” it’s important to get a good understanding of all of your options before making a decision. Are you familiar with Limited Liability Companies? They’re a particularly interesting type of business, because they take elements from the…

S Corporation Advantages and Disadvantages

S Corporation Advantages and Disadvantages

  • August 18th, 2014
  • jrhassociates
  • Comments Off on S Corporation Advantages and Disadvantages

Between the different types of corporations and different kinds of partnerships that you could decide from when choosing a structure for your new business, there are certainly plenty of options to consider. But there are pros and cons to every type of business, and there are many S Corporation advantages…

Understanding S Corporations

Understanding S Corporations

  • August 14th, 2014
  • jrhassociates
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S Corporations are special types of corporations that differ from the traditional C Corporation structure. The designation of being an S Corp is given by the IRS, and its primary function is to prevent the company from being unnecessarily taxed twice, once to the corporation and then again to its…

Comparing Business Types: Advantages and Disadvantages

Comparing Business Types: Advantages and Disadvantages

  • August 13th, 2014
  • jrhassociates
  • Comments Off on Comparing Business Types: Advantages and Disadvantages

Comparing business types is important when deciding what kind of company you want to start. Whether you choose the structure of your business from the different kinds of partnerships or the different types of corporations, there will be advantages and disadvantages of whatever option you choose. There are many advantages…

Types of Corporations: How to Choose What’s Right for You!

Types of Corporations: How to Choose What’s Right for You!

  • August 11th, 2014
  • jrhassociates
  • Comments Off on Types of Corporations: How to Choose What’s Right for You!

Just like there are different kinds of partnerships, there are different types of corporations as well. However, there’s a very distinct different between partnerships and corporations. Corporations exist as independent entities, meaning that they pay their own taxes and hold all legal liability for their actions and debts. This is…

The Disadvantages of a Partnership When Starting a Company

The Disadvantages of a Partnership When Starting a Company

  • August 7th, 2014
  • jrhassociates
  • Comments Off on The Disadvantages of a Partnership When Starting a Company

There are different kinds of partnerships to choose from when you’re starting your new business, and while there are many business partnership advantages, it’s important to note the disadvantages of a partnership, too. It’s critical to make sure that you understand all of your options before deciding how to structure…

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