BetterLegal

LLC vs S Corp

What is an S Corporation? First, let's talk about what an S Corp is. An S Corp is a tax election provided by the IRS for your business. An S Corp is not a type of business entity like an LLC or a Corporation.

EIN

Yes, You Really Can Operate A Successful 1-Person Business!

Nowadays, it seems that no one needs to work with anyone else. You could start a successful 1-person business even if you don't have any employees.

Corporation

What You Need To Know When Hiring Your First Employee

Hiring your first employee can be an exciting and stressful experience simultaneously.

LLC

Why Doing Business With Family Is Powerful (and How To Do It Right)

Setting up a family business has always had a bad rap. Many often wonder, "why do people caution against doing business with family?" From little boundaries to lack of control and greater liabilities, it's a wise choice never to mix business and family.

LLC

Does Your LLC Need To Pay Taxes if You Didn't Make Money?

There are numerous reasons you may want to register your business as an LLC, the primary motive being liability protection.

EIN

Hiring Contractors: How To Find Quality Workers on Upwork

You may need contractors to manage a task or project and resort to checking freelance platforms on the internet. Upwork is one of the platforms with the largest network of independent professionals and who BetterLegal uses for many of our contractors.

EIN

The 1-Person Business: How The Internet Has Made It Possible To Run A Multi-Million Dollar Business By Yourself

Starting your own business can be an exciting endeavor, but it can also be overwhelming and filled with many challenges.

Taxes

Can You Give Away Equity for your LLC

There are several reasons to give up your LLC’s equity. First, you may decide to do away with your membership in the company.

EIN

Why Do People Caution Against Doing Business With Family?

Many people wonder why business people caution against doing business with family members.

Taxes

5 Things You Don't Know When You Start Your First Business

Being an entrepreneur and creating your first business is a huge milestone in one's life. It comes with great responsibility and a feeling of accomplishment if successful.

Taxes

What is a Master Service Agreement (MSA)?

Here at BetterLegal, our aim is to help you deal with all the legal intricacies of starting a business without needing to spend massive amounts of money on legal fees.

EIN

How Much Does an LLC Cost?

Are you forming a business in 2022? You’ll likely need to form an LLC to get started. Let’s talk about how much that will cost you.

Corporation

How To Start An Online Business in 2022

Are you considering starting an online business this year? Well now’s a great time! Starting an online business may sound like an easy feat, but for your online business to become successful, you’re going to have to put in some hard work.

LLC

Does Your Side-Project Need an LLC?

The short answer is “no,” you do not actually need to register your side business as an LLC. That being said, while it may not be necessary for you to form an LLC, there are many potential benefits to doing so.

EIN

Corporation vs LLC: Which Is Right For You?

So, you want to start a business? Congratulations! That's a major decision that can lead to great success. You need to take one step first however, and that's choosing the right entity type for your business.

Taxes

What Is A Registered Agent?

If you have a small business and have decided a limited liability company or corporation is right for you, you'll need a registered agent.

Corporation

What Should You Know Before Raising Money For Your Startup?

You have a fantastic business idea, and you want to bring it to life. To do that, you may be thinking about how you will fund this business. After all, money is vital in a successful startup.

LLC

LLC vs. Sole Proprietorship vs. Corporation

You might be just starting out or you could be well on your journey, but regardless of where you are, how you legalize your business is one of the most important decisions that you’ll make.

Taxes

What Is An EIN

Everything you need to know about EINs and the fastest & easiest way to get one for your small business.

Corporation

What is Vesting?

Starting a business with a partner or bringing on a new partner can quickly lead to issues. Vesting, or stock vesting, is one way to protect yourself.

EIN

BetterLegal- The Best Way To Get An LLC

In addition to being the fastest way to form a business entity or get an LLC, we're also the least expensive way. So, why do LegalZoom and others offer a lower price point in their advertising, and how does BetterLegal match up?

Corporation

An EIN Should Be Part of Every Package

A new EIN is a must-have for any new business, large or small. And, that's why we include it with every package.

General Topics

A LegalZoom Alternative

Comparing BetterLegal to LegalZoom apples to apples Based off of LegalZoom's pricing page, let's do the best comparison we can:

EIN

I Want to Get My Own EIN

Our business formation services are packed together both for convenience and ease of use. With this method every single client walks out of the door (or clicks away from the site) with every document they need.

LLC

I Don't Need An EIN

We hate to break it to you... but unless you just got an EIN for your new business, you definitely need one. Here's the why and the how, of why you need an EIN number and how to get one.

Taxes

Do I need to fill out how much money I've put into my LLC into the form?

Situations exist where you may not know the amount initially invested in your LLC. This part of the form is for the Operating Agreement we generate which determines the rules of how your LLC works.

Corporation

Should I fill out the Single-Member or Multi-Member LLC form?

Which form is right for you? There are a few answers to this, but most of the time a sole business owner should fill out the Single-Member form.

Taxes

In which State should I form my LLC?

Is one state better than another? Choosing the right state for your limited liability company (LLC) is an important decision for you to make, and you should carefully consider your options.

EIN

Can I form a 501c3 Non-Profit LLC?

Can an LLC qualify for a 501c3 tax exemption determination? Yes and no. "501c3" is a tax designation granted by the IRS to qualifying non-profit entities.

Taxes

How the Tax Plan Benefits LLCs

Why You Should be an LLC Under the GOP’s Final Tax Plan One question looms on the minds of many freelancers and small business owners.

EIN

LLC formation cost and turnaround by State

Each State has different fees and times for filing an LLC, this is a cheatsheet. These are not BetterLegal's turnaround times per se.

EIN

Operating/Company Agreement

An important document for your LLC, what does it do? Your LLC's Operating Agreement (also called a Company Agreement) is a critical document governing your new business.

LLC

Things every business needs right away

There are some things your new business always needs right away. We provide them to you. No more guessing games!

Taxes

LLC definitions and structure

Let's learn about the players of an LLC Registered Agent This is who collects the mail. You can be your own registered agent, or have a service that provides that for you.

Corporation

Types of entities

There are several business entities to choose from. Which one is right for you? For most people, an LLC is the way to go for a small new business or investment holding entity.

LLC

Benefits of a separate entity

Do you need a separate entity (LLC/corporation) for your business? Why not just be a sole proprietor? A separate entity can provide: Potential Tax Benefits - There are often significant tax savings that can be realized by setting up a separate entity.

Corporation

Understanding the Purpose of a Registered Agent

A comprehensive guide to the purpose of a registered agent in business. Explore the legal requirements, benefits of hiring a professional service, and reasons to consider one for your LLC or corporation.

LLC

Where Should I Start My LLC? A Comprehensive Guide to Choosing the Right State

Wondering "where should I start my LLC?" Find a complete guide on choosing the best state for your limited liability company, focusing on factors like taxes, privacy, and costs. Explore insights on why your home state might be the ideal choice.

General Topics

Risks of Poor Contract Management

Explore the critical risks of poor contract management including financial losses, legal disputes, and damaged relationships, and how BetterLegal can help businesses, especially SMEs, startups, and freelancers, overcome these challenges through effective strategies and AI-powered tools for contract analysis, fairness assessment, and risk identification.

Resources

Filter Articles by

LLC vs S Corp

Yes, You Really Can Operate A Successful 1-Person Business!

What You Need To Know When Hiring Your First Employee

Why Doing Business With Family Is Powerful (and How To Do It Right)

Does Your LLC Need To Pay Taxes if You Didn't Make Money?

Hiring Contractors: How To Find Quality Workers on Upwork

The 1-Person Business: How The Internet Has Made It Possible To Run A Multi-Million Dollar Business By Yourself

Can You Give Away Equity for your LLC

Why Do People Caution Against Doing Business With Family?

5 Things You Don't Know When You Start Your First Business

What is a Master Service Agreement (MSA)?

How Much Does an LLC Cost?

How To Start An Online Business in 2022

Does Your Side-Project Need an LLC?

Corporation vs LLC: Which Is Right For You?

What Is A Registered Agent?

What Should You Know Before Raising Money For Your Startup?

LLC vs. Sole Proprietorship vs. Corporation

What Is An EIN

What is Vesting?

BetterLegal- The Best Way To Get An LLC

An EIN Should Be Part of Every Package

A LegalZoom Alternative

I Want to Get My Own EIN

I Don't Need An EIN

Do I need to fill out how much money I've put into my LLC into the form?

Should I fill out the Single-Member or Multi-Member LLC form?

In which State should I form my LLC?

Can I form a 501c3 Non-Profit LLC?

How the Tax Plan Benefits LLCs

LLC formation cost and turnaround by State

Operating/Company Agreement

Things every business needs right away

LLC definitions and structure

Types of entities

Benefits of a separate entity

Understanding the Purpose of a Registered Agent

Where Should I Start My LLC? A Comprehensive Guide to Choosing the Right State

Risks of Poor Contract Management

Learn How to Start an LLC in Every State