For many small business owners, the choice will be between a sole proprietorship and a limited liability company (LLC). Here is what you need to know about how each one works so you can decide ...

When you’re starting a business, one of the first big decisions you’ll face is choosing the right business structure. It’s ...

If a sole proprietor is wronged by another party, he can bring a lawsuit in his own name. Conversely, if a corporation or LLC is wronged by another party, the entity must bring its claim under the ...

You have to understand the different business entities. Under the LLC umbrella, you can be a sole proprietorship, you can be taxed as an S corporation, or you can be taxed as a partnership.

So you have a new business, what form should it take? Is an LLC better than a corporation? Or maybe a sole proprietorship or ...

Limited liability company (LLC) The IRS governs taxation for LLCs, but individual states control who can form an LLC. While ...