Don't be fooled by business-entity misconceptions

09/3/2013 | Entrepreneur online

In this article, Mark J. Kohler corrects several misunderstandings about the benefits and disadvantages associated with various business structures. For example, some people may believe that registering their businesses as limited liability companies will allow them to reduce their tax burdens, but this isn't necessarily true. "You can actually have an LLC 'taxed' as an S-Corporation or C-Corporation for tax purposes, but in and of themselves you don't need an LLC to take write-offs and they won't save you taxes," he writes.

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