{"id":1156,"date":"2008-10-15T06:36:24","date_gmt":"2008-10-15T10:36:24","guid":{"rendered":"http:\/\/www.theforcefield.net\/podcast\/how-to-find-the-best-form-of-liability-protection-for-your-business-1168\/"},"modified":"2008-10-15T06:36:24","modified_gmt":"2008-10-15T10:36:24","slug":"how-to-find-the-best-form-of-liability-protection-for-your-business-1168","status":"publish","type":"post","link":"https:\/\/www.theforcefield.net\/podcast\/how-to-find-the-best-form-of-liability-protection-for-your-business-1168\/","title":{"rendered":"How To Find The Best Form Of Liability Protection For Your Business"},"content":{"rendered":"<p>                                             <em>How Business Owners Can Choose Between S Corporation vs. C Corporation vs. LLC<\/em>                                         <\/p>\n<p>                                             Madison, WI (<a href=\"http:\/\/www.prweb.com\/\">PRWEB<\/a>) October 15, 2008 &#8212; (<a href=\"http:\/\/www.bizfilings.com\/\" target=\"_blank\" onclick=\"linkClick( this.href );\">www.bizfilings.com<\/a>) &#8211; In an uncertain economy, having a legal structure for your business that provides limited liability protection is more important than ever. However, choosing between the most common business structures seems daunting to many business owners. <\/p>\n<p> Karen Kobelski, general manager for <a href=\"http:\/\/www.bizfilings.com\/products\/incorporate.asp\" target=\"_blank\" title=\"incorporation services\" onclick=\"linkClick( this.href );\">incorporation services<\/a> leader BizFilings.com, said business owners often put off the important task of incorporating their business because they&#39;re uncertain whether to choose a corporation or limited liability company (LLC). Given uncertainty in the economy, she said it has become more important than ever for business owners to obtain the benefits of limited liability protection &#8211; so that negative factors experienced in business don&#39;t negatively affect a lifetime of retirement savings. <\/p>\n<p>                      <span style=\"display: inline\">                                                                       <\/span>                       <span style=\"display: none\">                         <\/p>\n<table border=\"0\" width=\"250\" style=\"border-style: solid none; border-color: #c6d5df; border-width: 4px; margin: 5px 12px 5px 5px; padding: 10px; background: #ffffff none repeat scroll 0% 0%; float: right; height: 100%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; color: #748da7; font-size: 16px; font-family: Arial,Helvetica,sans-serif; font-weight: bold; z-index: -1\">\n<tbody>\n<tr>\n<td>                               <img decoding=\"async\" src=\"http:\/\/www.prweb.com\/images_v4\/quote_left.gif\" alt=\"\" \/>                                 <a href=\"http:\/\/www.bizfilings.com\/\" title=\"http:\/\/www.bizfilings.com\">Ultimately, the only mistake is not using a legal structure that provides limited liability protection at all.<\/a>                               <img decoding=\"async\" style=\"vertical-align: bottom\" src=\"http:\/\/www.prweb.com\/images_v4\/quote_right.gif\" alt=\"\" \/>                             <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>                                              <\/span> <!--                 numquotes=2;                 quote_index = 0;                 quote_naptime = 1000 * 4;                 quote_timeout = 0;                  function sequentialQuotes()                 {                     var i;                     for( i = 0; i < numquotes; i++ )                     {                         document.getElementById( \"quote_\"+i ).style.display = \"none\";                     }                     quote_index = quote_index + 1;                     if( quote_index >= numquotes ) { quote_index=0; }                     \/\/alert( quote_index );                     document.getElementById( \"quote_\"+quote_index ).style.display = \"inline\";                     if( enable_random )                     {                         quote_timeout = setTimeout( \"randomQuotes()\", quote_naptime );                     }                 }                 function randomQuotes()                 {                     var randQuotId;                     var i;                     for( i = 0; i < numquotes; i++ )                     {                         document.getElementById( \"quote_\"+i ).style.display = \"none\";                     }                     randQuotId = Math.floor( Math.random() * numquotes);                     \/\/alert( randQuotId );                     document.getElementById( \"quote_\"+randQuotId ).style.display = \"inline\";                     if( enable_random )                     {                         quote_timeout = setTimeout( \"randomQuotes()\", quote_naptime );                     }                     quote_timeout = setTimeout( \"sequentialQuotes()\", quote_naptime );                 }                  randQuotId = Math.floor( Math.random() * numquotes);                 \/\/alert( randQuotId );                 document.getElementById( \"quote_\"+randQuotId ).style.display = \"inline\";                 enable_random=false;                 if( enable_random )                 {                     quote_timeout = setTimeout( \"sequentialQuotes()\", 1 );                 }                 -->                  To choose the right legal structure for a business, Kobelski offers these five tips: <\/p>\n<p> View a Side-by-Side Comparison<br \/> Limited Liability companies (LLCs), S corporations and C corporations are the most common legal structures small business owners consider, but it&#39;s helpful to know the basics about all structures. The first step in choosing the right legal structure is knowing important differences that can influence your choice. One of the best tools for comparing entities at a high level is a good <a href=\"http:\/\/www.bizfilings.com\/products\/articles\/entity_comparison_table.asp\" target=\"_blank\" title=\"side-by-side business entity comparison chart\" onclick=\"linkClick( this.href );\">side-by-side business entity comparison chart<\/a>. Learning how different legal structures are managed, taxed, and organized can helps identify the entity types to consider.   <\/p>\n<p> Attend a Webinar<br \/> A good <a href=\"http:\/\/www.timetostartup.com\/2008\/09\/24\/heres-how-you-choose-between-s-corp-vs-c-corp-vs-llc\/##\" target=\"_blank\" title=\"webinar on choosing a business structure\" onclick=\"linkClick( this.href );\">webinar on choosing a business structure<\/a> describes the benefits of each legal structure you&#39;re considering. It talks about advantages, disadvantages, taxation, and day-to-day operations. In a few minutes, you&#39;ll gain insights that will lead you closer to choosing the right legal structure for your business. <\/p>\n<p> Formation Assistant<br \/> There are a few automated tools that aid in selecting a legal structure. Among these is the <a href=\"http:\/\/www.bizfilings.com\/ia\/assistant.html\" target=\"_blank\" title=\"Formation assistant from BizFilings\" onclick=\"linkClick( this.href );\">Formation assistant from BizFilings<\/a>. Tools like the assistant ask you questions about how you envision the organization, day-to-day activities, and future of your business and then provide an outline of how certain business structures may meet your criteria. <\/p>\n<p> Talk to an Accountant<br \/> After you know the basics about each structure you&#39;re considering, talk to your accountant. Based on your plans for running, growing, and operating the business, your accountant may identify the best structure for your business from a tax perspective. <\/p>\n<p> Talk to an Attorney<br \/> It&#39;s best to talk to an attorney after you already know the basics about legal structures, have consulted your accountant, and have narrowed down the options. This way, you&#39;re paying to be advised &#8212; rather than educated. Ask their opinion on legal structure for your business based on your company&#39;s ownership, liability, day-to-day operations, and also future goals. <\/p>\n<p> It&#39;s commonplace for accountants and CPAs to have different recommendations from an attorney, according to Kobelski. In these instances, she said the business owner needs to determine the most compelling reasons and select the legal structure that they believe is warranted. <\/p>\n<p> &quot;Since most businesses can thrive equally well as a C corporation, S corporation, or LLC and retain the benefits of limited liability protection, there&#39;s no indisputably right or wrong answer &#8212; just tradeoffs,&quot; said Kobelski. &quot;Ultimately, the only mistake is not using a legal structure that provides limited liability protection at all.&quot; <\/p>\n<p> To learn more about the advantages of each type of structure, business owners can visit <a href=\"http:\/\/www.bizfilings.com\/products\/incorporate.asp\" target=\"_blank\" title=\"business incorporation services\" onclick=\"linkClick( this.href );\">business incorporation services<\/a> leader <a href=\"http:\/\/www.bizfilings.com\/products\/incorporate.asp\" target=\"_blank\" title=\"BizFilings\" onclick=\"linkClick( this.href );\">BizFilings<\/a> today. By offering a side-by-side comparison table, a free webinar on &#39;choosing a business structure,&#39; a &quot;formation assistant&quot; that walks you through important considerations, and a free Guide to Forming Your Business, it&#39;s a great place to gather valuable information. <\/p>\n<p> About BizFilings: <br \/> BizFilings (<a href=\"http:\/\/www.bizfilings.com\/\" target=\"_blank\" onclick=\"linkClick( this.href );\">www.bizfilings.com<\/a>) is the Internet leader in providing incorporation and related services to business owners. Bizfilings professionally forms corporations, limited liability companies (LLCs), and nonprofits faster than anyone else. Its rush service makes it possible to file a corporation or LLC in as little as 24 hours. <\/p>\n<p>BizFilings is a part of Wolters Kluwer, a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2007) of &euro;3.4 billion, maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Business Owners Can Choose Between S Corporation vs. C Corporation vs. LLC Madison, WI (PRWEB) October 15, 2008 &#8212; (www.bizfilings.com) &#8211; In an uncertain economy, having a legal structure for your business that provides limited liability protection is more important than ever. However, choosing between the most common business structures seems daunting to many &#8230; <a title=\"How To Find The Best Form Of Liability Protection For Your Business\" class=\"read-more\" href=\"https:\/\/www.theforcefield.net\/podcast\/how-to-find-the-best-form-of-liability-protection-for-your-business-1168\/\" aria-label=\"Read more about How To Find The Best Form Of Liability Protection For Your Business\">Read more<\/a><\/p>\n","protected":false},"author":351,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[843,844,356],"class_list":["post-1156","post","type-post","status-publish","format-standard","hentry","category-forming-a-business","tag-forming-a-business","tag-how-to-find-the-best-form-of-liability-protection-for-your-business","tag-legal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Find The Best Form Of Liability Protection For Your Business - The Force Field Podcast<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theforcefield.net\/podcast\/how-to-find-the-best-form-of-liability-protection-for-your-business-1168\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Find The Best Form Of Liability Protection For Your Business - The Force Field Podcast\" \/>\n<meta property=\"og:description\" content=\"How Business Owners Can Choose Between S Corporation vs. C Corporation vs. LLC Madison, WI (PRWEB) October 15, 2008 &#8212; (www.bizfilings.com) &#8211; In an uncertain economy, having a legal structure for your business that provides limited liability protection is more important than ever. 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