Blog

A sole proprietor pays personal and business income taxes on the business’s profits.​

Selecting the state in which to incorporate is an important step in the incorporation procedure.

In some states, a shareholder who receives watered stock may be liable to creditors of the corporation for unpaid corporate debts.

​Sean is the incorporator of Twisty’s Pretzels Corporation. Ross is a shareholder, Phyllis is a director, and Velma is an officer. The day-to-day operations of Twisty’s are overseen by

When lending capital to a small business, a bank may require a personal guaranty of its repayment from the owner.

A corporation possesses the same right of access to the courts as a citizen.

A partnership is a pass-through entity and a taxpaying entity.

A corporation possesses the same right of access to the courts as a citizen.

Most states apply to a limited liability company (LLC) formed in another state the law of the state where the LLC currently does business.​

A sole proprietor does not own the entire business.