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Ready to Exit Sole Proprietor Status? Consider These 4 Entities for Incorporation

StartupNation

Limited Liability Company (LLC). Limited Liability Company (LLC). Which type of business benefits as an LLC? An LLC is a popular entity formation , thanks to providing limited liability protection and ease in maintenance. The flexibility of an LLC makes it a popular choice among businesses of all shapes and sizes.

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8 Retirement Planning Strategies for Entrepreneurs and Self-employed Individuals

Startup Blogpost

8 Retirement Planning Strategies for Entrepreneurs and Self-employed Individuals In the complex world of retirement planning, entrepreneurs and self-employed individuals face unique challenges. The insurance company can invest these premiums and grow the funds tax-free. Balance is the key.

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10 Financial Decisions Before Starting Your First Business

Smart Hustle Magazine

It should reflect from the cost of sales and labor expenditures to machinery, marketing, company licenses, taxes, and more. When you combine business and personal in such a manner, your LLC or corporate protection could be revoked. This could also save your finances as they will take fewer hours on your taxes. Raise Funds.

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3 Dangers of an Unincorporated Business (and How Incorporation Can Resolve These Problems)

StartupNation

Often, one of the first pieces of advice an entrepreneur receives when they start a business is to incorporate or form a limited liability company (LLC). This ultimately impacts everything about the company, from how much you pay in taxes to the personal liability you face as the owner. Fewer tax benefits are available.

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Tax? ?Deductions? ?for? ?Podcasters? And Bloggers (That You Must Know)

Smart Hustle Magazine

Taxes are one of them. Although blogging or podcasting is a comparatively recent job, it is subject to tax regulations as many other professions. The primary tax risk is that, unlike traditional employees, you will not have your taxes automatically deducted from your profits as a self-employed blogger.

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Tax? ?Deductions? ?for? ?Podcasters? And Bloggers

Smart Hustle Magazine

Taxes are one of them. Although blogging or podcasting is a comparatively recent job, it is subject to tax regulations as many other professions. The primary tax risk is that, unlike traditional employees, you will not have your taxes automatically deducted from your profits as a self-employed blogger.

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3 Key Benefits of an S Corporation Election

StartupNation

The deadline for S Corporations to file their annual tax returns is March 15, which means businesses with an S Corp election need to file Form 1120S and Schedule K-1. Here are some of the key benefits that come with choosing an S Corporation election: Pass-through taxes. How do pass-through taxes work?