Business News & Info

A Limited Liability Company (LLC) is often the "Goldilocks" of business structures—offering more protection than a sole proprietorship but with less red tape than a corporation. Check out the video as business expert - Beverly Francois give tips to secure your LLC. Pros of an LLC Asset Protection: Creates a "corporate veil" that shields your personal savings, home, and cars from business debts and lawsuits. Pass-Through Taxation: By default, business profits "pass through"

Despite having an LLC or corporation, if the "corporate veil" is pierced due to mismanagement, fraud, or intermingling funds. Personal liability commonly arises from personal guarantees on loans, negligent acts, employment law violations (like unpaid wages), or failing to observe corporate formalities. Check out the video as business expert - Beverly Francois give tips to secure your business. How Can You be held personally liable for Your Business? In most business structure

Converting my LLC into an S-Corp? As I explained in the video, converting a Limited Liability Company (LLC) to an S-Corporation (S-Corp) can offer several advantages for business owners, including tax savings. However, before you make any permanent changes, you’ll need a careful understanding of the legal and financial implications. The real question here is not whether you can convert an LLC to an S-Corp, but whether you should. Let’s take a look at the factors involved... .

Establishing a nonprofit involves defining the mission, recruiting a board, and filing legal documents to gain tax-exempt status . Key steps include filing Articles of Incorporation, obtaining an EIN, creating bylaws, and applying for 501(c)(3) status with the IRS. It also requires state-level registration, such as charitable solicitation permits. Hear from business coach and consultant Beverly Francois as she outlines steps for launching your non-profit. Steps to Establish