Working Remotely – Survival Tactics
Like many, over the past two weeks I have learned that I can be just as productive from my home office. It just takes a little planning. The following are some tips to make it easier to get your busin
Depending on your type of business, you have three options for incorporating: C corporation, S corporation, or LLC. Each option requires formal documentation and
must be filed with the appropriate state agency.
A C corporation might be the right business type for you if you:
- May need venture capital for financing
- Want flexible profit-sharing among owners
- Want company earnings to stay in your business so that it can grow
An S corporation might be the right business type for you if:
- You want to take advantage of benefits that the corporate business type holds, but you want to take advantage of pass-through taxation
- You want the flexibility to set salaries for employee/owners to minimize Social Security and Medicare taxes
- Flexibility of accounting methods is desired
An LLC might be the right type of business for you if:
- Your startup company anticipates losses for at least two years, and you want to be able to pass the losses through to yourself and the other owners
- Flexibility for accounting methods is desired because LLCs are not required to use the accrual method of accounting as C corporations typically are:
- Your business may own real estate
- You want management flexibility
The above are just a few of many examples. You can contact our office any time for more information about which type of incorporation is right for your business.
Like many, over the past two weeks I have learned that I can be just as productive from my home office. It just takes a little planning. The following are some tips to make it easier to get your busin
In response to the Coronavirus (COVID-19) outbreak and economic shutdown the Small Business Administration (SBA) is now offering low-interest federal disaster working capital loans through the Economi
Penglase & Benson is prepared to support businesses impacted by the Covid-19 changes and mandates.
Even if you’re a not a big operation, your company could still benefit from hiring a small business lawyer.
“I hope you have a good lawyer.” Those are usually pretty ominous words. But when you own a business, those are words to live by. It’s not that you’re automatically in danger of litigation, but that
Q. Are business owners legally responsible for shoveling the sidewalks around their shops or offices? Yes, absolutely. Business owners are responsible for the state of sidewalks around their propertie
Let Penglase and Benson help you navigate how to protect your business.
It’s easy to make legal mistakes while building your business. It happens all the time. You’re a business owner—not a lawyer.
Negotiating a business deal can be difficult and nerve wracking. Attorney John Benson discusses how you can set yourself up for success when negotiating your business deal.
Blindly running to court can become very expensive. Someotimes it makes sense to find a better solution. In this article Bucks County Pennsylvania small business attorney John Benson discusses when co
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