Recession vs Depression: differences and similarities

A comparison of the difference between recession and depression in economics; also, the similarities of recession vs depression would be listed. A recession is usually defined as an economic condition where, for some time period, the country experiences negative GDP growth. Depression refers to a long and general economic decline, where the …

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LLC advantages, disadvantages, examples & types

An LLC stands for Limited Liability Company; it is a type of business that combines the tax benefits of a partnership with the limited legal liability of a corporation. We will discuss LLC advantages, disadvantages, and types. Each of the 3 types of LLC with their examples would be outlined. As one …

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What are chicken patties? Meaning and History

History of Chicken Patties Chicken patties were first mentioned by name in American cookbooks in the late 19th century, where recipes called for chopped meat or suet to be shaped into balls and fried. The use of a metal mold was suggested as a way to form the meat more quickly and …

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How to make chicken patties at home

I will be showing you how to make chicken patties, this chicken patty recipe is really the simplest and the patties are really crisp on the outside and also juicy in the center, you really don’t want to miss out on this one. You can add them to some burgers or enjoy …

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LLC taxed as S Corp: pros and cons, and benefits

An LLC taxed as S Corp has some benefits but also has disadvantages to the company. This happens when it elects the tax status of an S Corp. Certain criteria must be met for LLC to be taxed as an S Corp. Advantage of LLC taxed as S Corp One of the …

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LLC vs S Corp: differences between S corp and LLC

A complete comparison of LLC vs S Corp differences, tax benefits, similarities; as well as the advantages and disadvantages of LLC and S Corp. An LLC may be used in many countries and under different names. It is not a corporation in the sense of being a separate legal entity; rather, it …

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LLP vs LLC: differences, tax benefits, pros and cons

Comparison of the differences between LLP vs LLC, their similarities, advantages and disadvantages of LLC vs LLP and their associated tax benefits. Owners are still liable for their own negligent acts, malpractice, and liabilities related to their ownership of the firm. LLP is more flexible than a regular corporation or partnership because …

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