Blog Archives

How a Small Partnership Can Get The Failure to File Penalty Waived

Face it, no one likes to get letter from the Internal Revenue Service (“IRS”). This is particularly true when you are being assessed a penalty. The IRS has many different penalties.  One penalty they have is the failure to file


Tagged with: , , , , , , , , , , , , , , , , , , ,

The Difference Between an LLC and a Subchapter S Corporation

Startup businesses are often considering either a Limited Liability Company (“LLC”) or a Subchapter S Corporation.  Here are the differences:


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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.


Tagged with: , , , , , , , , , , , , ,