Business Organizations

• Business Ownership Structures
  Learn about the corporation, LLC, partnership, and sole proprietorship.
• Corporation Basics
  Corporations limit personal liability for business debts, but running them takes work.
• S-Corporation Facts
  S corporations limit owners’ liability and offer the tax structure of a partnership.
• LLC Basics
  Limited liability companies combine the best parts of partnerships and corporations.
• Partnership Basics
  Learn more about the simplest business structure for companies with more than one owner.

Business Transactions

• Making a Legally Valid Contract
  All you need is a clear agreement and mutual promises to exchange things of value.
• Business Equipment: Buying vs. Leasing
  Decide whether to lease or buy by learning about the pros and cons of each.
• Being a Consultant or Independent Contractor
  Consulting or freelancing as an independent contractor has benefits and drawbacks.
• The Commercial Lease
  Know what you’re getting into when you rent space for your business.

Nonprofit Organizations

• Nonprofit Basics
  Nonprofit corporations are entitled to grants, tax exemptions, and limited liability protection.
• Nonprofit Formation Documents: Articles, Bylaws, and Organizational Minutes
  Learn the basics about your nonprofit’s important organizational and corporate documents: articles, bylaws, and first minutes.
• How to Form a Nonprofit Corporation
  Here's how to form a nonprofit corporation and receive a 501(c)(3) tax exemption.
• How to Obtain 501(c)(3) Status
  How to apply for tax-exempt status for your nonprofit.
• Personal Liability of Nonprofit Directors
  As a director of a nonprofit, can I be held personally liable?
• Tax Concerns When Your Nonprofit Corporation Earns Money
  It's a myth that your 501(c)(3) nonprofit organization can't make a profit, but some of it may be taxable.