Some CPAs and attorneys say there's an eleventh commandment, "Thou shalt not invest in real estate inside a corporation." And, usually, this proclamation holds true. Investing in real estate within a corporation means you lose many of real estate's tax be...

Incorporation offers a small business owners a great way to reduce liability and taxes. Unfortunately, the rules for professionals who want to incorporate are be tricky. Fortunately, one can make incorporating a professional practice like law or medicine ...

The limited liability company option gives the small business owner a great tool for reducing both taxes and legal liability. But the LLC setup process for professionals (doctors, lawyers and so forth) sometimes gets tricky. To ease and expedite the setup...

Are you beginning a new entrepreneurial venture? Or are you a business owner who needs to find a better accountant? Choosing a CPA is easier when you employ the five following tips: Determine Whether You'll Outsource Your Bookkeeping Some businesses...

Starting a business? If you're not careful, you may find that you've terribly complicated your accounting before you even realize what's happened. Fortunately, by following five simple tips you can keep your small business finances clean, lean, and low-co...

Business owners often assume that a traditional corporation, or "C corporation," provides a good platform for saving money and growing wealth. As a result, these individuals do their investing inside their C corporations. Superficially, this wealth-bui...

Thinking about incorporating your business or investment in Nevada? Consider these seven tips to make the process easier, to minimize mistakes, and to avoid trouble. Tip #1: Don't choose Nevada unless you operate in Nevada Let's get this first tip o...

New small businesses often decide to consider the incorporation option, and that's logical. Incorporating a small business usually reduces the business owner's legal liability and often saves the business owner (and any outside investors) quite a bit in t...

Incorporating a business often makes good legal and tax sense. Absolutely. But new entrepreneurs need to know that a handful of incorporation scams often ensnare small businesses. And that is truly unfortunate. Getting entangled in an incorporation sca...

Businesses, their owners and investors regularly worry about asset protection. Of course, sometimes, people worry too much about lawsuits and unethical creditors. And, sure, prudent management of a business or investment combined with a good insurance pol...

A tricky question that new limited liability company bookkeepers often have concerns how to record correctly the payments made to the owners. Are the payments wages, for example? Partnership draws? Or something else entirely different? Limited liabilit...

More than 3,000,000 businesses operate as Subchapter S corporations. But that's not really a surprise if you understand a bit about tax law. An S corporation doesn't pay corporate income taxes, which can take as much as a fifty percent whack out of profit...

Starting your business as a limited liability company? You'll obviously want to use a good name. Sadly, the process is trickier than you may think in today's business world. You've got legal, marketing and even internet-related issues to ponder. For...

If you manage a small business or venture that's setup as an LLC, setting up Microsoft's Small Business Accounting software can be sort of complicated because of the LLC itself. Fortunately, you can try some easy techniques for getting your new accounting...

Running your small business as an LLC or limited liability company? Installing the QuickBooks accounting software in your situation can be complicated. But in a sense, that's a good thing. The complexity comes from the financial flexibility that your limi...