The advantages of corporation structures become especially valuable when a business plans to grow, attract investors, hire employees, or protect its owners from business liabilities. As a result, it can own assets, enter contracts, borrow money, sue or be sued, and continue operating even when ownership changes. Still, incorporating is not automatically the right choice …
Choosing a business structure can get confusing quickly, especially when comparing S Corp vs LLC options. tax election available to qualifying businesses rather than a separate state-law entity type. As a result, a business can actually be both an LLC and taxed as an S corporation. That distinction explains why a simple LLC vs S …
An employee resigns, but instead of spending the next month working at the office, the employer asks them to stay home while continuing to receive pay. This arrangement often raises the question: what is garden leave and why would a company pay someone not to work? leave, sometimes called gardening , is a period when …
Starting a business involves more than choosing a name, finding customers, and making your first sale. You also need to decide how the business will be legally structured. For many first-time entrepreneurs, the choice comes down to sole proprietorship vs llc because both structures can work well for a one-person business, yet they create very …
Starting a business in Pennsylvania often begins with choosing the right legal structure. If you are considering an LLC in PA, you can create one by choosing an available business name, selecting a registered office, filing a Certificate of Organization with the Pennsylvania Department of State, and completing the other steps that apply to your …
Leaving a job usually involves more than telling your manager that you will not be coming back. In most workplaces, employees give advance warning before their final working day. So, what is a notice period? A notice period is the amount of time between formally announcing that employment will end and the employee’s final day …
If you have been laid off or your employer has offered you a separation package, one of your first questions may be: how much is severance pay? There is no single amount that every employee receives. Instead, severance often depends on your salary, length of service, company policy, employment agreement, position, and the circumstances surrounding …
A job posting that promises “unlimited paid time off” can sound like employees can take vacations whenever they want. However, the reality is more structured. So, how does unlimited PTO work? Instead of receiving a fixed number of vacation or PTO days each year, eligible employees can generally request paid time away as needed, subject …
When starting a business, DBA vs LLC can sound like a choice between two competing business structures. However, they are not actually the same type of thing. An LLC is a legal business entity, while a DBA generally allows a business or individual to operate under a name different from its legal name. In fact, …
If you are a doctor, lawyer, accountant, architect, or another licensed professional starting a business, the PLLC vs LLC decision can be confusing. Both structures can provide separation between business obligations and an owner’s personal assets, but a Professional Limited Liability Company is designed specifically for certain licensed professional services in states that recognize or …