LLC vs. PLLC: Which Business Structure is Right for You?
LLC and PLLC are two business structures that can be used when building your business. While anyone can open an LLC, a PLLC may require a professional license of some sort. In some states, having a license to perform your chosen profession may prevent you from legally...
What Is Reasonable Compensation to Pay Yourself Through Your S Corporation?
When you are an owner of a corporation, you can get paid in a variety of ways. It’s important to know which type of pay is best and what type of compensation you deserve for all of the work you do. Determining your level of compensation requires the...
Hiring Family Members as a Small Business Owners
Family-owned businesses are often the heart of a small community. People look at a business that has been passed down from family member to family member as more personable and committed to caring for its customers. There are still questions, however, as to whether or...
Planning for a Personal Catastrophe as a Small Business Owner
Catastrophes take many forms, especially with the pandemic. Being prepared for any possible disaster is essential, whether it be natural or man-made. It’s also essential that preparations be made for more personal disasters as well. The death of a family member...