After all, the sooner you incorporate or form an LLC, the sooner you can start reaping the rewards of incorporation ; the potential tax savings and legal protection. It’s not uncommon for it to take up to 40-60 business days to bring a Corporation or an LLC into existence after submitting your filing documents to any state office. MORE >>

Chris is also founder and owner of MCD Law Partners, LLC, a boutique law firm focused on providing corporate, transactional and operational legal services to start-up and emerging growth companies. The lexicon and jargon of the venture world is a frequent topic of articles and posts.  Past success breeds confidence in this area. MORE >>

Yet even a non-profit has to make a profit on everything it sells, in order to cover operating expenses (salaries, offices, equipment, research, travel, etc.), You can start an LLC for-profit in less than a month, often for less than $100. Reputable non-profits need to keep their operating expenses low. Marty Zwilling. MORE >>

For most small family businesses, an LLC is a great choice. An LLC is taxed as a pass-through entity, so business profits flow through to the owner(s) and the LLC pays no separate tax on profits. But everyone in a family business has to make their expectations clear early on--about employment, operations, even dissolution. MORE >>

Roger, you have the floor… The primary responsibility for shutting down operations and liquidating assets falls on the managers and/or owners of the business, at least until or unless the creditors or court system takes over. What tax obligations or tax filings will be required after the company ceases operations? Taxes. Hard Assets. MORE >>