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Author Archives: admin
Top 3 Offshore Corporation Jurisdictions (Panama/Swiss/Bahamas)
Offshore jurisdictions change in their effectiveness over time. Once Switzerland was the king. Now they are a mere shadow of the former offshore self. The same is now true for the Bahamas. After changing their offshore banking laws a few … Continue reading
Posted in OffShore Corporations
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Forming An Offshore Company in Panama
The offshore services industry is constantly plagued by negative press depicting it as a way for rich people to cheat on their taxes. Offshore company formation can be done for legitimate business reasons and Panama is a top choice worth … Continue reading
Posted in OffShore Corporations
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The Benefits Of Forming An LLC
A Limited Liabilities Company is a business structure formed loosely on a German style of business called GmbH (legal abbreviation) and literally means limited liability. The concept spread throughout Central Europe and in 1997 the first LLC was formed in … Continue reading
Posted in LLCs
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Is Your LLC a Sole Proprietorship, a Partnership, a C Corporation or an S Corporation?
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as: a sole proprietorship a partnership a C corporation an S corporation An LLC is not a … Continue reading
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When C Corporations Are Better than LLCs or S Corporations
Small business owners usually minimize their taxes by operating as a sole proprietorship, partnership or S corporation. Or by operating as a limited liability company taxed as a sole proprietorship, partnership or S corporation. However, even though C corporations may … Continue reading
Posted in Comparisons
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Setting up a Limited Liability Company
Both sole proprietors and partnerships can convert to a limited liability company. Owners of LLCs are called members, not shareholders. Until recently some states did not allow one-member LLCs . This is no longer the case. One-member LLCs are allowed … Continue reading
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A Guide to LLCs
A limited liability company or LLC provides the owners with limited liability. This implies that if the business owes money or faces a court case for some cause, only the assets of the business are at risk and not the … Continue reading
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Tax Relief – Limiting Tax Liabilities for LLCs
Move aside, partnership firms and corporations. Here come the LLCs! A U.S. Limited Liability Company is an amalgamated business entity, which allows people to manage their business without putting their personal possessions at risk by limiting their liability and without … Continue reading
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What is a Limited Liability Company?
A limited liability company or "LLC" is a business ownership that is an amalgam between partnership or sole proprietorship and corporation. LLCs are appropriate for smaller companies with limited number of owners. Similar to owners of partnerships or sole proprietorships, … Continue reading
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The 5 Biggest Mistakes Made by New LLCs
Mistake #1 Doing Business Before the LLC is Formed. You are personally liable for any business activities or transactions that take place before your LLC is formed. A person can sue you years later for something you did today. If … Continue reading
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