Business Formation

What does it mean to incorporate?

Incorporating a business means turning your sole proprietorship or general partnership into a company formally recognized by your state of incorporation. When [...]

Tax group releases state-by-state rankings

A string of low-tax states top the list for best business climates in the country, according to a new study from the Tax Foundation. Wyoming, South Dakota, [...]

Think You Can Save Big by Incorporating in Nevada or Delaware? Think Again

Don't listen to anyone trying to sell you on the idea of incorporating out-of-state in Nevada or Delaware. More than likely, it's a scam.As a tax lawyer [...]

C or S Corporation Choice is Critical for Small Business

When an individual outgrew a proprietorship, a corporation used to be the norm. Today, limited liability companies (LLCs) are the new normal. See IRS: [...]

Proposed regs. would require taxpayers that received EINs to update information

On Wednesday, the IRS issued proposed regulations that would require taxpayers that obtain employer identification numbers (EINs) to update their information [...]