Discover how LLCs and S Corporations compare in tax implications, ownership structures, and legal liabilities to choose the best business structure for you.

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...

Setting up your business as a limited liability company, or LLC, does not mean giving up control of the company. LLC status has to do with legal liability for the debts of the business, not ownership.

Breaking up parts of a limited liability company, or any company, into separate "divisions" or "departments" might make accounting, management or other company operations easier. One division of a ...

A Limited Liability Company (LLC) is a business structure that provides limited liability protection for its owners and shareholders. It means that the company's liabilities are separate from those of ...

Organizing an LLC yourself can seem daunting upon first glance, but it’s actually a series of small, simple tasks. As a general rule, if your business is small and operates in and sells products or ...