Are LLCs Partnerships or Corporations?

LLCs are a unique type of business model that has only existed in the United States since the 1970s. The question of whether LLCs are partnerships or corporations is actually somewhat misleading, for they are really a hybrid of both. As such, they share advantages of both types. This is not to … [Read more...]

Sole Proprietorships and LLCs Compared

Among the most fundamental questions facing a person who is starting a small business is what form it should take. Sole proprietorships and limited liability companies are by far more common than corporations for the small business, and each has both advantages and disadvantages. To determine which … [Read more...]