Legalize Your Team or Studio at Chantelprice.com

 The main advantage to an LLC is in the name: limited liability protection. Owners' personal assets can be protected from business debts and lawsuits against the business when an owner uses an LLC to do business. An LLC can have one owner (known as a “member”) or many members

Scorp tax status is an attractive choice because it offers liability protection and tax savings while making it easier to transfer business interests. This federal status allows S corporation shareholders to avoid double taxation on any corporate income

While for-profit owners benefit from the ability to use the company's money for any purpose they choose—including taking it for themselves—nonprofits are granted benefits, such as tax exemption, because they have agreed to always reinvest available funding toward pursuing the organization's educational or charitable