What taxes does a new business need to pay in its first year? Federal self-employment tax (15.3%), quarterly estimated income tax payments, state franchise tax (varies by state),

At what income level does an S-Corp save money over an LLC? For most sole-member LLCs, S-Corp election starts saving on self-employment tax around $50,000-$60,000 in net business

If you’re the only owner of an LLC, the IRS has a default plan for you: disregarded entity status. That means your LLC doesn’t exist for tax purposes.

What is a professional corporation? A professional corporation (PC) is a business entity designed for licensed professionals like doctors, lawyers, CPAs, and architects. Unlike a standard LLC, a

Every business needs some form of permission to operate. Whether you’re opening a restaurant in Dallas or freelancing from your home office, there’s a license, permit, or registration

Choosing between an LLC and a sole proprietorship is one of the first decisions you’ll make as a business owner. Both let you operate a business, file taxes,

What is an LLC? A Limited Liability Company (LLC) is a business structure that protects your personal assets from business debts while giving you flexibility in how you’re