Question: Is it true that I save tax dollars if I form an LLC?

Answer: Generally speaking, personal tax rates are lower than corporate tax rates. Corporate income is taxed at 34 to 39 percent. Singles making under $80,000 and marrieds making under $160,000 have a personal income tax of 25 percent. This means that businesses with incomes that are less than $350,000 may experience tax savings by forming an LLC instead of a corporation.

To protect everything they work so hard for, most experienced entrepreneurs are saying “so long” to sole proprietorship.

Social and environmentally-savvy business owners have found a new way to integrate their convictions into their business: the B Corporation.

B Corporations are companies that are purpose-driven and create benefit for all stakeholders, not just shareholders.  B Corporations are unlike traditional responsible business because they: