Project Category: contracts

Short Answer: For S corps or LLCs taxed as S corps, you must pay yourself a reasonable salary before taking any other money out. For LLCs, you can take money out at your discretion.

Short Answer: Literally anyone can sign a contract on behalf of your business.

Short Answer: Handshake agreements are sometimes legally binding but they are hard to enforce.

Short Answer: S corps have pass-through taxation and some structural limits; C corps are subject to double taxation and can grow bigger in some ways.

Short Answer: Sole proprietorships and partnerships are the default legal structures when people start doing business without officially creating an LLC or corporation.