When you buy a business, one of the first things to think about is the legal form you will use to own and operate the activity. The choices range from the sole proprietorship to corporations.
But if you will acquire a new business and make it part of an existing entity (such as your existing LLC or corporation), you may not need to read this. Otherwise, please continue on.
Last month, we covered the sole proprietorship and single-member (one-owner) LLC options. In this analysis, we cover three corporate alternatives.
1. The S Corporation Option
S corporations can potentially be used for a one-owner business or for a business with several owners. The S corporation has strong advantages if you can tolerate ... Log in to view full article.