Partnership Help Guides

5 Critical Business Licenses and Why They Are Essential
You have conducted extensive market research, drafted your business plan, completed a variety of legal documents, and finalized your mission statement. Your business is ready to open and thrive—or is it? Entrepreneurism is, at its core,......
Using LLCs for Estate Planning
An LLC, or Limited Liability Company, is a business entity that is separate and apart from its owner(s). It offers asset protection and a less complicated tax and formal structure than a corporation. Small businesses and individuals often use......
Pass-Through Taxation 101
As a business owner, whether you have been a business owner for some time or you are just now starting out, you have likely experienced many tax components. Initially, you have to choose the type of entity you want your business to be, but......
Naming Your Business: Corporate Names, Fictitious Names, and DBAs
If you are just starting your business, or even just considering getting started, developing a name for your venture is likely high on your to-do list. The business’ name will be an important part of the company. It is likely a decision that......
Paying Yourself in Each Business Structure
You likely started your business for two main reasons: you are passionate about the venture and you want to make money. For some, one reason may be far more important than the other. Nonetheless, if you want your business to be successful, it......
How to Make Your Partnership Work with a Shareholder Agreement
Starting a new business requires a lot of dedication and passion. This means that new business owners must pour all their time, energy, and effort into setting up their business for success in the short and long term. As entrepreneur Mark......
Tax Obligations for Each Business Type
Determining which type of business is right for your situation can be difficult. There are many things to consider when making this decision. Taxes should be an integral part of this choice. The type of business that works for you will depend......
Business Expenses and Tax Deductions
Businesses are unique in that they can deduct their expenses to decrease their taxable income. Most individuals can only deduct very specific expenses, and they are often limited by income or other restrictions. Businesses, on the other hand,......
Qualities to Look for When Choosing a Business Partner
According to recent studies, two-thirds of all businesses fail. This means that a business has less than a 1 in 3 chance of succeeding. So, how can you make sure that your business is one of the 33% who succeed? The answer is by choosing the......
How to Start Your Own Business
There are a multitude of legal and business issues to consider when it comes to starting a business. Everything from your business’s name, to its structure, to its operation, has legal implications. The following article is a great place to......