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Legalzoom vs Bizfilings

Legalzoom vs BizFilings: Which Is Better?

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By Rosie Greaves

According to the Small Business Administration’s (SBA) latest figures, there are 31.7 million small businesses in the US. If you’re considering joining this number and ...

llc ownership percentage

How to Change Ownership Percentage of LLC

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By Sarah Caldwell

The ownership of your business indicates the profits you’re entitled to, but they also come into play when applying for a business loan. Anyone who ...

How Long Does it Take to Get an LLC

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By Ewen Finser

The first step to forming a business is finding the proper legal structure for it. The law allows you to conduct business under various legal ...

LegalNature Review: All You Need To Know

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By Julie Thompson

Starting a business takes a lot of hard work. Not only do you have to get a business plan together, fund your venture, and refine ...

LLC vs S Corp – 3 Main Differences

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By Ewen Finser

Do you wish to take your sole proprietorship to the next level? Are you worried about your personal assets being tied to your business and wish to get protection from its liabilities? Or do you want to open up a new business and cannot settle on a suitable legal structure? The law outlines a couple of business structures that anyone can explore, but their differences and similarities can overlap and make it hard for you to pick a suitable one. In this, we will breakdown two common ones – LLC and S Corp and explain what they are to help you choose the best one for your business. Read on;

Main Differences Between LLC and S Corp

The Main Differences Between an LLC and S Corp are:
  • An LLC is a business legal structure, whereas an S Corp is a tax election status allowed on LLCs and Corporations to specify how they will want the entity taxed.
  • An LLC has unlimited shareholders, whereas an S Corp limits the number to 100 shareholders
  • An LL

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