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Posts Tagged ‘Sole Proprietor’
Why Some Small Businesses Should NOT be an LLC
The Limited Liability Company (“LLC”) certainly has become a popular form of business entity.
If there is only one member (owner) then setting up these entities has become a breeze.
Just go online, fill out some forms, pay the registration fee and presto, you’re in business.
Just because it’s easy, doesn’t mean you should do it this way.
Why an LLC?
4 Reasons All Employers Should Offer a Roth 401(k) Plan
1) The Roth 401(k) Plan Has a Higher Contribution Limit that a Roth IRA
Taxpayers can contribute up to $5,000 per year into a Roth IRA. Taxpayers over age 50 can contribute an additional ‘catch-up’ contribution of $1,000 for a total of $6,000. To contribute to a Roth IRA you need to have earned income at least up to the amount of the contribution. … Continue reading »
The Biggest Loser….The Self-Employed in Connecticut
The Biggest Loser is a TV show where contestants attempt to lose the most weight for cash prizes. Full Disclosure: I don't watch the show and I have only seen short clips of it. I don't proclaim to fully understand the show. It appears to me however the biggest loser has nothing to do with losing weight. It's the self-employed in Connecticut. They … Continue reading »
Why Every Week is "Shark Week" for the Self-Employed in Connecticut – Updated
This week is Shark Week on the Discovery Channel. Last year, we told you how every week is "Shark Week" for the self-employed in Connecticut. Now, a year later, there is even more blood in the water.
Why Every Sole Proprieter Should Convert to a LLC
We live in litigious society. Businesses that are organized as sole proprietorships are taking on unnecessary risks.
