Limited Liability Companies and Form 1099 Reporting
Business owners typically dislike dealing with the tax reporting, filing, and payment requirements associated with running a business. It...
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Paul Sparks
- Jun 2
- 3 min
Considerations for Forming a Limited Liability Company for Real Estate
For individuals who own real estate, it is important to consider the best way to structure your ownership. When you are just starting out...
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Paul Sparks
- May 29
- 4 min
What Is the Difference between a Limited Liability Company and a Corporation?
When starting a business, a business owner must first choose which type of entity to create. Two of the most popular entity types are the...
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Paul Sparks
- Apr 26
- 2 min
Understanding How LLC Members Pay Taxes
Limited liability companies (LLCs) are one of the most popular types of business entities. The LLC’s flexible taxation options are one...
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Paul Sparks
- Apr 24
- 3 min
What Is a Business Succession Plan?
If you own a small business, developing your succession plan is a critical element of business planning. Many business owners fail to...
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Paul Sparks
- Apr 24
- 3 min
What Is an S Corporation and Should I Form One?
Contrary to popular belief, the S corporation is not a distinct entity type. According to the Internal Revenue Service (IRS), an S...
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Paul Sparks
- Apr 10
- 2 min
Business Insurance: Protecting Your Business from Unexpected Losses
Business owners have invested large amounts of time and money to make their business a success. Business insurance protects this...
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Paul Sparks
- Apr 3
- 2 min
Record Keeping for Your Business: What's Required?
Whether you are just starting up a new company or have a business that has been in operation for a while, good record keeping is an...
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Paul Sparks
- Mar 31
- 3 min
Does an Employee Handbook Create a Contractual Obligation?
Every business with at least one employee should have an employee handbook, sometimes also called an employee manual or code of conduct,...
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Paul Sparks
- Mar 30
- 4 min
Making an S Corporation Election as a Married Business Owner
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know....
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Paul Sparks
- Mar 28
- 3 min
Should I Use an LLC (Taxed as a Partnership) or an S Corporation?
Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but...
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Paul Sparks
- Mar 27
- 3 min
Utah Series LLCs: What You Need to Know
A series LLC is a relatively new form of LLC. A series LLC is composed of a master LLC that houses a series of LLCs. However, the master...
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Paul Sparks
- Aug 22, 2022
- 2 min
Should You Own a Business with Your Spouse
The potential for blurred lines and conflicts in a couple-owned business makes it crucial that the business relationship be treated...
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Paul Sparks
- Jul 29, 2022
- 2 min
Does a single-member LLC need an operating agreement?
An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC....
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Paul Sparks
- Jul 28, 2022
- 5 min
How to prepare for selling your business?
Part of the reward of being a small business owner is seeing your hard work pay off. The many sacrifices made for your business can all...
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