Erik from BusinessFormations.com 
How to Elect S Corp Status for Your LLC Making the S Corporation tax election (often called the “S Corp election”) for your LLC can save you thousands in self-employment taxes. But it also creates ongoing costs and complexity that makes the math work only for some businesses. This guide explains how the election works, … Read more
How Are Sole Proprietorships Taxed? Introduction If you’re running a business as a sole proprietor, you’re dealing with one of the simplest tax structures in business — but that doesn’t mean you can ignore how it works. Whether you’re freelancing, consulting, or running a small retail operation, understanding sole proprietorship taxation helps you plan better, … Read more
How Are Partnerships Taxed? If you’re thinking about starting a business with someone else, you need to understand partnership taxation — even if you never form an actual partnership entity. Why? Because the IRS treats multi-member LLCs as partnerships by default, and partnership tax rules affect millions of businesses. This gets confusing fast. The tax … Read more
How Are C Corps Taxed? Double Taxation Explained Starting a business means navigating taxes that can get complicated fast. If you’re considering forming a C corporation or already have one, understanding how C Corps are taxed is crucial for making smart business decisions. C Corporations face what’s called “double taxation” — the company pays corporate … Read more
Free Shareholder Agreement Template When you form a corporation with multiple owners, you get a fancy legal structure — but you don’t automatically get rules for how those owners work together. That’s where a shareholder agreement comes in. Think of it as your business relationship’s operating manual. It spells out who owns what, how decisions … Read more
Multi-Member LLC operating agreement template When you form an LLC with business partners, you’re making a financial and legal commitment that could last for years or decades. A solid operating agreement protects everyone involved and prevents costly disputes down the road. Most states don’t require multi-member LLCs to have operating agreements, but that doesn’t mean … Read more
Free Nonprofit Bylaws Template Starting a nonprofit organization means you want to make a difference in the world. But before you can focus on your mission, you need proper bylaws — the internal rules that govern how your organization operates. Bylaws aren’t just bureaucratic paperwork. They’re required by the IRS for tax-exempt status, mandated by … Read more
Delaware LLC Benefits: Advantages & Disadvantages When you’re considering where to form your LLC, Delaware keeps coming up in conversations. There’s good reason for that — and some important caveats too. Delaware isn’t just riding on reputation. The state has built a genuine business infrastructure over decades that offers real advantages, especially for certain types … Read more
How to Incorporate a Startup: C Corp vs LLC Starting a tech startup? A SaaS company? Maybe a mobile app or e-commerce business? The way you structure your company from day one affects everything — your taxes, your ability to raise money, how much paperwork you’ll deal with, and whether you can attract top talent. … Read more
LLC for Day Trading: Benefits & Setup Day trading is one of those businesses where the entity structure actually matters from day one. Unlike other businesses that can limp along as sole proprietorships for a while, day traders face unique tax complications, liability concerns, and compliance requirements that make proper business formation essential. Here’s what … Read more