It is important to understand that choosing the right legal structure for your business is a crucial step in planning the development of your business. It decides what compliances you need to follow and what benefits and risks you might be facing. A sole proprietorship has a single owner who possesses complete control and responsibility … Read more
Whether you are an LLC or any other kind of business entity, the name of your business entity is what makes your business distinct and unique in the market. The name is also a legal requirement since the business entity has a separate legal existence from that of the owner. In this respect, the only … Read more
Sole proprietorship is the business structure which requires least amount of money and compliances in its set-up and yet brings lots of tax perks with it. It is one of the simplest ways of structuring your business and allows the owner of the business to legally have full control over it. Let me illustrate your … Read more
When it comes to starting an Alabama LLC, the first thought that comes to mind after brainstorming the business plan is, “What should I name my business?” You may reserve a business name in Alabama until you’re ready to start the business formation procedure. Every LLC requires a name, ideally, one that is memorable and … Read more
