Both a C corporation (also known as a regular corporation or standard corporation) and an S corporation (also known as a small business corporation or

A C corporation (also known as a regular, standard or traditional corporation) is a legal entity that is separate and distinct from its owners. A

An S corporation (also known as a small business corporation or Subchapter S corporation) is a type of corporation that elects to be taxed under

A partnership is a business structure in which two or more individuals or entities operate a business together. Partnerships are formed when two or more

To form an LLC in your state, you will need to follow the specific LLC formation procedures and requirements set forth by your state’s business

We mentioned this last time when discussing the LLC structure, and it’s not obvious what the advantages and disadvantages of a pass-through entity versus a

A sole proprietorship is a business owned and operated by a single individual, while a limited liability company (LLC) is a hybrid business structure that

A sole proprietorship is usually the easiest legal structure to use for setting up a company. It can be as simple as deciding you’re in

During the next few posts we’ll be covering the different ways you can structure a new company in 2023. We’ll discuss the differences, advantages and

Losing business receipts can be frustrating and potentially costly, as receipts are important for record-keeping and tax purposes. If you lose a business receipt, here

As a general rule, it is a good idea to keep copies of receipts, bills, and invoices for your business for at least three years.

Yes, you should almost always be sending customers receipts! It’s an important part of the sales and bookkeeping process for both you and your customers.

This is a really common question, especially for startups, sole proprietorships, and LLCs that are new and might have zero employees yet. Except you, that

Whether to do your own bookkeeping or hire a bookkeeper depends on a variety of factors, including your time, expertise, and resources. Here are a

A remote or virtual bookkeeper is a professional who performs bookkeeping tasks remotely, typically using online tools and software. Virtual bookkeepers typically work from a

You may need to obtain a Form W-9, Request for Taxpayer Identification Number and Certification, from contractors or small businesses that you buy goods or

The $600 tax reporting requirement refers to the Internal Revenue Service’s (IRS) requirement that businesses and individuals must report certain types of income on their