This is a great question.  Probably one of the best that I have received all week.  One thing I want to make clear is that I am not a lawyer and I am not giving any kind of legal advice, so don't take this as such.  When you are setting up a business and deciding what kind of business entity you are going to be, that is more of a ...

I can talk till I am blue in the face about how to set up a dropshipping business correctly, but I wanted to take a different approach and post about something on the flip side - how ''not to'' set up a dropshipping business.  I can honestly say I have (almost) seen it all when it comes to mistakes that Internet business owners have made when ...

if you are new to Internet business (or business in general) then you are very new to the whole idea of setting up a corporation, tax benefits when you incorporate or what exactly setting up a corporation will do for you.  There are many sources out there that are willing to give you ideas like the IRS, also companies like The Tax Club ...

The corporation has been described as one of the great inventions of mankind. An entity on its own, the corporation exists separate from the personal fortunes of its founders, can pass from their hands intact, and may even outlive them. It pays its own taxes, can be sued in its own name and may have many owners in the form of shareholders over ...

If you are wondering whether incorporating would be the right option to exercise for your business, it could be helpful to understand the elements of a corporation before making that decision. So, let us look at these elements. The shortest definition of a corporation is that it is a legal entity created by a state filing, which has a separate ...