About Liam Sellers

Contracts govern how modern businesses interact with everyone from partners to customers. Learn the four elements of every business contract in this article. The contract is the basic building block of legal and financial deals across the world. People and businesses of all kinds enter contracts to trade goods and services. The terms these contracts […]

Learn about important IRS employment forms and what they mean, including W-4, W-9 and I-9 forms. Explore what these forms do and how they can impact hiring. The Internal Revenue Service, better known as the IRS, has a hand in many of the ways employment and income tax collection function in the United States. In […]

Find out how to search for an existing patent when you’re developing new technology. Learn about your options if your own design infringes on another. What Is a Patent? Patents are a legal tool the U.S. federal government provides to help inventors protect their designs. Once you’ve been granted a patent, your invention becomes yours […]

An S corporation offers the benefits and removes some of the drawbacks of incorporation. Discover what makes this option so attractive to many small businesses. Your business structure determines how much you pay in taxes and what creditors can come after. Your ability to raise capital depends largely on how you set up your company. […]

Is a sole proprietorship right for you? Learn about the advantages and disadvantages and what to consider when establishing this type of business ownership. Business Basics: How Sole Proprietorships Work There are more than 32 million businesses in the United States and over 75 percent of them don’t have any employees, according to the U.S. […]

The FEIN acts as a taxpayer ID number for your company. Find out whether your LLC needs to get a Federal Employer Identification Number (FEIN) and how to do it. The Internal Revenue Service (IRS) assesses and collects taxes from both individuals and businesses. When people pay their taxes, the IRS identifies them by their Social […]