Is a Lemonade Stand a Company?

Introduction A lemonade stand is a business commonly owned and operated by a child or children to sell lemonade. The concept has become iconic of youthful American culture. Starting a Lemonade Stand A lemonade stand is a business commonly owned and operated by a child or children to sell lemonade. The concept has become iconic … Read more

How Do I Switch to an S-corp?

Converting LLC to S Corporation You can change your limited liability company to an S corporation by filing Form 2553 with the Internal Revenue Service. Owners of an S corporation may put more money in tax-deferred accounts than they could otherwise. Switching requires additional paperwork and expense if you don’t have employees. Running payroll and … Read more