How to Pick the Right Business Ownership Structure
Jimmy Verner 
There are many different business entities for an entrepreneur to choose from. When discussing the appropriate business entity, I usually present three alternatives. First, if the business is just beginning, I suggest the LLC. Second, if the business will seek investors, I suggest a corporation. Finally, if the business is ready for venture capital investment, … Read more
One of the rituals of United States citizenship is applying for a Social Security number (SSN). The Social Security Administration uses this number to keep track of your work history to determine what benefits you will receive when you retire. The IRS uses the number to assist in reporting individual taxes and collecting and assigning … Read more
The most common business ownership structures are the limited liability company (LLC) and the corporation. LLCs and corporations function in different ways. But they are formed in the same way. Both of them require filing articles of organization with the state. Then, an LLC prepares an operating agreement, sometimes called a company agreement, that governs … Read more