Category Archives: Entrepreneurship

Advantages and Disadvantages of a General Partnership

Continuing my post about the advantages and disadvantages of a sole proprietorship, the next I will detail is a General Partnership. A general partnership is an agreement between two or more parties in which they agree to share the profits … Continue reading

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Husband and Wife LLC Operating Agreement

What You Will Get From This Article: Steps to start a husband and wife LLC Common tax treatment for husband and wife LLCs Purpose of a Husband and Wife LLC Operating Agreement Sample excerpt from a Husband and Wife LLC … Continue reading

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Advantages and Disadvantages of a Limited Liability Company

What entity structure do you choose? A lot of the time a Limited Liability Company is a good fit, but make sure you know and trust your partners. Below are some advantages and disadvantages. Advantages and Disadvantages  Advantages A limited liability … Continue reading

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Form 1065

Are you thinking about starting a General Partnership? Are you involved in a General Partnership and have questions about your taxes?  This post contains affiliate links If these questions apply to you, I have created a eBook on Amazon that … Continue reading

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Advantages and Disadvantages of a Sole Proprietorship

There are many types of business structures you can choose, being a sole proprietor is the most common. My cleaning company is a sole proprietorship. This post contains affiliate links The biggest advantage of a sole proprietor filing is that … Continue reading

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