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Posts Tagged liability shield

Business Start Up – Finding Your Way Through the Maze

In the maze of business start-up many get trapped. More than 50% of small businesses fail with in five years of formation. The correct legal foundation could make all the difference in your business.

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Single or Multi-Member LLC?

There is one slight advantage to a single member LLC. If you are the sole owner of the entity (single member LLC) you can choose to be taxed as a sole proprietor or corporation (C or S). If you are willing to be taxed as a “sole proprietorship,” then you don’t need to get an EIN. You will still operate as an LLC, but it will be a “disregarded entity” in the eyes of the IRS.

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