Do I need an operating agreement?

Most states do not require one, but it is essential to define ownership, distributions, governance, and dispute resolution.

Should I elect S-corp taxation?

Often advantageous once net earnings exceed roughly $50K–$80K annually — but it depends on your facts. Speak with a licensed tax professional.

Education Library

A plain-English guide to every major U.S. entity type. Educational only — not legal or tax advice. Speak with a licensed professional before forming.

The simplest way to start — but with personal liability exposure.

Two or more owners — shared profits, shared liability.

General partners manage, limited partners invest.

Liability protection for licensed professional partners.

The most popular structure for modern entrepreneurs.

An LLC structure for state-licensed professionals.

The standard structure for venture-scale companies.

A federal tax election that can reduce self-employment tax.

A corporation reserved for licensed professionals.

Mission-driven organizations eligible for tax-exempt status.