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Author: Nathan Moore
Can an LLC be an S-Corp?
You’ve got questions and we’ve got answers! We know some terminology can be confusing. We’re here to clear the air and give you a complete understanding of what it means to be both an LLC and and S-Corporation. Q: Can a limited liability company (LLC) elect to be taxed as an S-Corporation? A: Yes, an LLC…
How Do I Convert My Sole Proprietorship to an LLC?
If you’re currently running your business as a sole proprietor, you may be considering converting it to a Limited Liability Company (LLC). Transitioning from a sole proprietorship to an LLC offers several advantages, including personal liability protection, tax flexibility, and enhanced credibility. This switch can help you better protect your personal assets while providing the…
What Business Expenses Are Tax-Deductible?
Being that it’s Black Friday, we thought this an appropriate time to discuss something a lot of business owners have questions about. What are tax deductible business expenses? What Business Expenses Are Tax-Deductible? One of the advantages of running a business is that certain expenses can be deducted from your taxable income, reducing your overall…
How Do I License Intellectual Property to Others?
Licensing intellectual property (IP) can be a powerful way to generate revenue, expand brand reach, or collaborate with other businesses. Whether it’s a patent, trademark, or copyrighted material, licensing allows you to retain ownership of your IP while granting others permission to use it under specific conditions. By understanding the different types of licenses and…
What is the Difference Between a Trademark, Copyright, and Patent?
When it comes to protecting intellectual property, the terms “trademark,” “copyright,” and “patent” are often used interchangeably, but they each cover different types of protection and apply to different types of creative and intellectual works. Whether you’re a business owner, artist, or inventor, understanding the distinctions between these protections can help you secure your work…
What is the Family and Medical Leave Act (FMLA), and Does it Apply to My Business?
The Family and Medical Leave Act (FMLA) is a federal law designed to protect the rights of employees who need time away from work for specific family or medical reasons. It provides eligible employees with up to 12 weeks of unpaid, job-protected leave within a 12-month period. FMLA allows workers to take time off without…
What are my legal obligations as an employer?
When you become an employer, you take on a range of legal responsibilities that go beyond simply hiring and paying employees. These obligations are designed to protect both your business and your employees, ensuring a fair, safe, and legally compliant workplace. From providing fair wages to maintaining a harassment-free environment, employers are required to uphold…
Do I need a written contract for every business deal?
When entering into a business agreement, it’s natural to wonder whether a formal, written contract is necessary for every deal. While not every transaction demands a detailed written contract, having one is often the best way to protect your business and avoid misunderstandings. Here’s a breakdown of why written contracts are beneficial, when they’re essential,…
What is the role of a registered agent, and do I need one?
When forming a business, you’ll encounter several legal requirements, one of which is appointing a registered agent. While this step may seem procedural, a registered agent plays a crucial role in your business’s legal and operational structure. For many business owners, the question isn’t just what a registered agent does but also whether they actually…
Understanding the Difference Between an S Corporation and a C Corporation
When starting a business, selecting the right legal structure is crucial. Many business owners know about LLCs and corporations, but not everyone understands the differences between an S Corporation (S-corp) and a C Corporation (C-corp). While both share some similarities, like limited liability protection, they have distinct differences in how they are taxed, managed, and…
