F.A.Q: What is an LLC?

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A limited liability company (LLC) is a fairly simple business structure. The main reason to form an LLC is to limit personal liability because LLCs have their own existence. The LLC owns the business—not the people forming it. LLCs enter into their own contracts and deals, can sue and be sued, and are liable for their own debts and obligations. 

Should I Incorporate as a Freelancer?

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Freelancing is becoming very popular in today’s business world. In fact, a 2018 study found that more than 56 million people—about 34 percent of the national workforce—are freelancing in the U.S. There are numerous benefits to freelancing, including a better work/life balance and greater flexibility compared to working for a traditional employer. But are there … Continue reading →

Business is Growing: Should You Get Funding?

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The growth of your small business is an exciting time. It may mean that you need to hire additional employees, buy or manufacture more inventory, purchase extra equipment, add new locations or refinance old debt. But figuring out the best way to get funding can be tricky because every business is different and there is … Continue reading →

Forming an LLC for a New Business

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Congratulations on becoming a new business owner. The next step is to consider setting up your business with a limited liability company (LLC). Doing this offers legal protections similar to a corporation, but allows you to manage your company like a small business. In fact, forming an LLC is one of the most important actions … Continue reading →