In this video, entitled, "Choice of Business Entity and Formation" created by Christine Benik of the Santa Clara University Entrepreneurs' Law Clinic, aspiring business owners and entrepreneurs can ...

Business formation is the process of establishing a legal entity to carry out a particular entreprise. The law provides several entity options, each with its own advantages and disadvantages.

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who ...

Separates business and personal finances. • All income and expenses reported on personal 1040. • Can choose to be taxed as other entities. Cons of Single Member LLC • The formation process requires a ...

To make matters more complex, the entity type that's right at the ... it costs more to incorporate a business than to form an LLC. There are more internal and external rules to start and operate ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.