How to Resolve Deadlock in 50/50 Founder Situations
You’ve set up your company, everything is great, and you and your business partner are ready to move forward as equal partners! But there’s one thing you may not be thinking of in this honeymoon stage of your business – deadlock. Deadlock is what happens when...
Typical Startup Structure
Startups often ask us how a typical startup is structured. While there are plenty of free and affordable resources for various forms, they don’t provide much guidance on what forms to use and why. In fact, there is no one-size-fits-all approach to structuring a...
S-Corp Basics
S-Corporations are not technically a distinct entity type. Rather, the term “S-Corp” refers to a type of tax treatment available to corporations and LLCs that meet certain requirements. When a corporation makes an S-Corp election, it will avoid double...
C-Corp Basics
The C-Corporation is the default corporate form, meaning when you incorporate your enterprise as a corporation, you are automatically classified as a C-Corp in the state where you incorporate. The C-Corp is generally considered the preferred entity type for businesses...
Limited Liability Company Basics
The limited liability company, or LLC, is a relatively recent addition to the menu of options available when choosing a legal entity. It is a hybrid between a partnership and a corporation, designed to combine the benefits of both. In short, an LLC enjoys the taxation...