JuEli Business Consulting
Step by step guide to improving your life
There are steps that can be taken to improve your personal life as well and your business life. In this process, you will develop a new way of thinking, create a budget, build out your business correctly and create streams of wealth for you and your family.
MISSION & VISION
Juli Business Consulting mission is to guide individuals to create their own:
Legacy
Wealth
Generational Wealth
Business Startup DIY (course) Setup your Business Entity
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Call To ActionThe type of business entity you choose will depend on three primary factors:
Liability
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Taxation
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Record-keeping
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Here's a quick look at the differences between the most common forms of business entities:
Corporation
A corporation is a legal entity that is created to conduct business. The corporation becomes an entity-separate from those who founded it-that handles the responsibilities of the organization. Like a person, the corporation can be taxed and can be held legally liable for its actions. The corporation can also make a profit. The key benefit of corporate status is the avoidance of personal liability. The primary disadvantage is the cost to form a corporation and the extensive record-keeping thats required. While double taxation is sometimes mentioned as a drawback to incorporation, the S corporation (or Subchapter corporation, a popular variation of the regular C corporation) avoids this situation by allowing income or losses to be passed through on individual tax returns, similar to a partnership.
Hybrid
A hybrid form of partnership, the limited liability company (LLC), is gaining in popularity because it allows owners to take advantage of the benefits of both the corporation and partnership forms of business. The advantages of this business format are that profits and losses can be passed through to owners without taxation of the business itself while owners are shielded from personal liability.
All The Tools You Need To Build A Successful Online Business
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Free Resources
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Amazing Feature
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Amazing Feature
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Amazing Feature
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