A business can be set up in several ways. Is yours an LLC? An S corporation? C? Regardless, at some point you need to ask: Should I change? When business owners ask me, my answer is that there is no specific time or event that dictates that the time to change has come. We need to look at where your business is and where it’s going.
When you set up your business, I hope you worked with a legal advisor to help determine whether your best route would be to establish a limited liability company or one of the other entities.… Read the rest