Business Structure

legal structures for business

How to Choose the Best Legal Structure for My Business

By MBO Partners

Deciding how to structure your business is an important consideration, one that can carry tax and compliance implications. The best business structure for you will depend on many factors, including how you plan to take and maximize deductions, what type of businesses you work with, and if you intend to grow your business in the…

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S Corp Advantages and Disadvantages for Small Business

By MBO Partners

S Corporation business structure advantages and disadvantages.

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consultants working in office

Consulting Terms Glossary: Definitions You Need to Know

By MBO Partners

As the independent workforce continues to grow and evolve, so does the vocabulary of terminology that surrounds it. Here are a few of the most commonly used and confused terms you’ll come across in the industry. 1. W-2 vs. 1099 Worker classification is a complicated issue that has a big impact on contractor engagement. W-2s…

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