SINCE 1974 
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Incorporate What Does “Incorporation” Mean, Exactly? “Incorporation” is the process that many business owners go through to legally separate themselves from their business and protect their personal assets. Incorporating a business means filing documents in a state to turn the business into a legal entity. Most businesses incorporate as either a corporation or a limited liability […]
Incorporate What is the difference between a corporation and incorporation? A “corporation” is the business entity itself. “Incorporation” is the act of starting a corporate business entity. A corporation (Inc.), a limited partnership (LP), and a non-profit (non-stock) corporation are incorporated entities. This means they have filed their corporate charter, the founding document, with the state […]
Business Insights Here we cover how an LLC can open a bank account and what documents may be required. What is an LLC Bank Account? An LLC bank account is a business bank account opened specifically for a Limited Liability Company (LLC). Opening a separate bank account is an important part of setting up a business as […]
General Partnership What Is a General Partnership? A general partnership is formed through implied conduct. This is when two or more individuals agree, either orally or in writing, to engage in business towards a common goal. A general partnership commences upon performance of even preliminary tasks to create the business. This is the default applied anytime two […]
EIN Tax ID What Is A Tax ID? A tax identification number (tax ID) is a nine-digit number issued for your business by the IRS. Think of a tax ID as a social security number for your business. Your tax ID number is often used for identification, and the IRS uses this number to administer tax laws. What […]