If you’re looking for a tax-related conversation piece for your next cocktail hour, look no further than this entry on the benefits of electing S corporation tax treatment.
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Dealing with contracts probably isn’t your favorite part of running your business. It’s plenty tedious, and there’s nothing glamorous about it. It can—to use a tired metaphor—feel kind of like flossing your teeth.
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The corporation is an entity that’s most often chosen by companies that are or plan to become a public company, and that want to have limited liability for owners/management and a predictable legal structure.
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I recently stumbled across a guide for opening a small business in Washington. For the Seattle small business owner just getting started, it’s a great resource, but I thought it could benefit from a bit of legal commentary.
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You’ve decided to convert your Washington LLC to a Washington corporation. Whatever your reasons for converting, you’ve picked a good time to do it.
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You’ve decided to start a business. One of the first choices you’ll need to make is the type of business entity to use. The right fit for you will depend on a number of factors, not the least of which is how the entity you choose will be taxed.
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You’ve decided to form a Washington limited liability company (LLC). LLCs are a popular choice of entity because they offer the liability protection of a corporation, but with more flexibility when it comes to management structure and tax treatment, among other things.
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