According to the IRS, there are five types of business entities: Sole Proprietorships, Partnerships, Corporations, S Corporations, and Limited Liability Companies. Many state statutes allow for additional entities, such as Limited Liability Partnerships and L3Cs (You...
(Updated June 14, 2017) If you’re in the startup world, you may be at least vaguely aware that most hugely successful startups are Delaware corporations. Indeed, there are many smart people who say this is the only right answer to the question, “What type...
I’ve read lots of articles about the reasons why a business needs to incorporate. But creating a separate legal entity isn’t for everyone. Perhaps it’s worth spilling a little ink summarizing why one might not need to incorporate. 1) You are the only founder One of...
