LLC and S Corp: What You Need to Know

LLC and S Corp: What You Need to Know

LLC and S-Corp? What You Need To Know


Before you launch your business, you need to know what type of structure best matches the goals of your company, and sometimes that can be a difficult decision.

Two of the most common types of business structures you can use are an LLC and an S-Corp. But there are some important differences regarding liability and taxes that you should understand.

Free at Last: The Fate of Green Card and Visa Holders Detained at U.S. Airports

Darweesh v. Trump might just be the next seminal immigration case. On Saturday evening, January, 28, 2016, Federal Judge Ann Donnelly of the Eastern District of New York ordered, "No body it to removed in the class." The class she referred to included an indeterminate number of travelers hailing from predominantly Muslin countries. After landing on U.S. soil, these travelers, holding valid visas and approved refugee applications, learned that they would have to return to their countries of origin.

These individuals, all who had been vetted, fell short of clearing Trump's executive order. They were caught in transit and facing deportation for the unfortunate circumstance. 

So who do we have to thank for this? The American Civil Liberties Union (ACLU) and various other groups banded together to make sure these individuals will receive due process, the bare minimum guarantee under our U.S. Constitution.

The stay issued by Judge Donnelly enjoins the government from deporting anyone because of this executive order.

It is important to note that Darweesh, one of the first individuals detained on American soil following the executive order, works for the U.S Government as an interpreter and contractor. He was in possession of a Special Immigrant Visa, but even that was not enough until Judge Donnelly took action to have him released from custody. 

The Department of Homeland Security refused to issue comment. 

Who Can Be My Immigration Sponsor?

An immigration sponsor must be a U.S. citizen or permanent resident. All sponsors must be at least 18 years old and live in the U.S. The sponsor must be able to prove an income level at least 125% above the federal poverty guideline level. If the sponsor's income does not reach that level, USCIS can also consider your assets. You can check federal poverty guidelines here:

4 Things To Do If You Are Involved in a Motor Vehicle Accident

Accidents are scary. Here are some tips to get rid of the uncertainties that can follow:

1.     Do not admit fault. While you can and check to make sure others are okay whenever safe, do not get out of your car and say, “Sorry, that was my fault.” Insurance companies determine fault and will often consider several factors before making a determination. Do not tip the scale by accepting fault that may not be yours.

2.     Call the police. Make sure you get a copy of the police report or police report number before leaving the scene. Having a record of the accident is much better than having nothing at all.

3.     Get information from all parties involved, including any witnesses. This information should be contained in the police report, but if you don’t call the police, it is your responsibility to obtain this information while at the scene of the accident.

4.     Contact an attorney. Most people overlook this step. While your insurance company will usually handle claims for you, it is important to make sure that you have someone dedicated to serving your interests. Often, consultations are free. Make sure you have someone on your side protecting your interests. 

5 Simple Steps to Begin the Home-Buying Process

Buying a home can be a daunting task. With the amount of money involved, homebuyers are often worried about making a mistake in the transaction. If at any time during the process you feel confused or misled, it is important to seek legal advice to address issues your realtor may not be able to handle.


1.     Contact several lenders. Figure out who has the best rates and promotional offers.

2.     Get pre-approved. Once you settle on a lender, let them know you would like a preapproval letter. This will tell you how much the lender is willing to lend you. It will serve as collateral when you actually get to looking at houses.

3.     Use the internet to search for houses. While your realtor will be able to guide you in the right direction once you let them know the geographical area and price range you are interested in, you shouldn’t leave it all up to your realtor. Homes come and go on the market quickly and you may spot something your realtor does not. Once you pick some homes, your realtor can take you to see them in person.

4.     Make an offer quickly. Once you’ve found something you want, it’s important to make an offer. You realtor can guide you by providing an offer range.

5.     Don’t get discouraged. The home buying process is inherent with stress. It’s important not to get discouraged if you don’t get the house you want because someone else made a better offer. Keep looking. Travel with you list of “must haves” and “compromise items.” You won’t always find the perfect house, but you can always improve it to make it the home you want. Don’t let things like wall color and flooring distract you too much. These things can be changed. 

What It Takes to Start a Business

A lot. Simply put, if you are not in it to win it, don't waste your money. Starting a business requires a clear-cut plan about what you want the business to look like. Practices and procedures can change as your business grows, but you can't approach growth without first knowing what your business should look like. 

Here are some tips for starting a business:

  1. KNOW WHAT YOU NEED. Whether you would like to start a consulting firm or a restaurant, writing down a list of your absolute needs--the necessary items to get your business off the ground--is essential. 
  2. TURN YOUR LIST OF NEEDS INTO A NUMBER. Once you know what you need to start your business you can use the internet to assign an average cost to each of your necessities. This will tell you the bare minimum in capital you'll need to get things going. 
  3. SEARCH FOR FUNDS. Whether you use a grant or borrow money from a bank or family, you will need to know where your funds will come from and the relevant repayment terms. This will help you plan how much your business needs to gross to be profitable. 
  4. CONTACT AN ATTORNEY. Starting a business can be confusing and tedious. Some businesses require licenses. Others must comply with particular legislation. Improperly executed contracts can lead to costly litigation later down the line. Knowing that you are on the right track from the beginning can put your mind at ease and allow you to run your business more peacefully.