Bylaws provide the rules that govern the operation of an S corporation.

Brutal honesty may hurt--but it may save your business. Do you tell yourself any of these seven lies?

An LLC can be sued in its own right. Learn how a lawsuit is initiated against an LLC and what steps are necessary to protect its right to defend itself in court.

An LLC can be managed by its members (member-managed) or by managers who are selected by the members (manager-managed). By default an LLC is member-managed, but the operating agreement can provide otherwise.

Absent an operating agreement adopted by its members, the LLC is governed by the default provisions provided in the law of its formation state. Not only can these provisions conflict with the members' desires, they can change which exposes the LLC to rules never envisioned when it was formed.

Learn the answers to frequently asked questions about forming and operating a limited liability company (LLC).

When is a corporate filing more than just a filing?

A limited liability company (LLC) provides the flexibility of a partnership with the liability protection of a corporation. The LLC's owners can determine the management and financial structure to meet their needs, while keeping their personal assets beyond the reach of the company's creditors.

Although one-half of recent college grads would like to start a business and even more see business ownership as an avenue to long-term economic security, they do not feel confident in their ability to execute the tasks needed for a start-up, such as incorporation or writing a market plan, according to a study commissioned by CT

Why do businesses incorporate? Find out.