Tag incorporation

The Benefits of S-Corps

business attorney setting up an S-Corp from her desk

Anyone starting a new business is faced with a lot of decisions. Arguably the most important is choosing the business entity type and tax status. Business lawyers and CPAs will present entrepreneurs with several options to choose from depending on the legal entity, including “S” election. 

Each type of legal entity has its benefits and limitations. Technically, there’s no legal entity called an “S-Corp.” A company that makes an “S” election for tax purposes is typically referred to as an S-Corp. However, various types of legal entities including LLCs and Corporations can elect S-Corp status. This blog will discuss the benefits of “S” election.

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Are DIY Legal Services Helpful or Harmful?

A miniature statue of lady justice holding scales in front of a stack of legal books. DIY legal.

Companies like LegalZoom, Rocket Lawyer, Mama Bear, and ZenBusiness promise fast and inexpensive access to legal forms. They cut out the “middleman”—in this case, an attorney—to keep costs down. These DIY legal services allow people to do everything from filing for divorce to creating a will to incorporating a business. But do these companies do more harm than good?

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How do I start a business?

Most entrepreneurs and creators get their start by asking a straightforward question, “how do I start a business?” Starting a business requires careful planning, risk tolerance, dedication, and vision. Working with the right business lawyers can make it easier. Once you have determined an initial idea for your business, it is essential to thoroughly evaluate the market in which you will be operating (if there is one), and discover how you can best contribute to, or disrupt it with, your business idea.

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