In developing effective business strategies, we spend a significant amount of time looking back on what has worked in the past, what continues to work under the present circumstances, and what is likely to work in the future. Of course, that may all seem straightforward enough, but truly innovative ideas often have a sense of prescience about them.
Posts tagged "S corporations"
If you’re starting a business, you’ve probably heard there are good reasons to set it up as its own entity instead of running it as a sole proprietorship. Having a separate business entity goes a long way toward preventing business losses from affecting your personal assets, and there are tax advantages that may apply as well.
There are many factors to take into account when choosing the most favorable business entity for your start-up, such as management style, the source of your financing, what kind of products or services you offer, liability risk, and tax considerations.