The type of business entity utilized for a new venture is one of the most important decisions facing a new business owner. Choosing an inappropriate entity can have devastating effects, while an ...

When advising clients on the choice of business entity, CPAs should consider the advantages and disadvantages of each type. If more than one entity is involved, CPAs should also determine whether ...

Hall of Fame NBA player Tim Duncan is aptly nicknamed "the Big Fundamental," a reference to his incredible proficiency at the game's foundational skills. In the same way that Duncan's focus on the ...

Business entities are created pursuant to state law, which varies widely. By default, a single owner operating a business for profit is deemed a “sole proprietorship” and two or more owners operating ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Have you talked to an accountant, CPA or even a fellow ...

NCET helps you explore business and technology. When starting or operating a business, one of the most important decisions that you will make is what type of business entity you should choose. There ...

When starting a new business, owners must decide which type of entity, or business structure, to choose. The business entity choice determines how taxes are filed, what accounting methods to use and ...

To navigate the shoals of the business side of the film industry, you must have a basic understanding of the different types of legal entities. Almost every transaction involves a choice from the ...

Filing taxes is hard enough for the average worker. Taxes can be even more confusing for self-employed and small business owners. Adding to the confusion is the Tax Cuts and Jobs Act (TCJA) of 2017, ...