What type of entity should I choose for my small business in MA? -

I am helping my father get a service business going. I am having trouble deciding on what type of business to start. I have likely ruled out proprietorship and partnership, due to the unlimited liability associated. I now seem to be looking at an S Corp, LLC, etc. I am told an S Corp will have more difficult filing requirements, and different requirements on how we can distribute income. Some flexibility in that department would be nice. I will probably have the business in my name, but would like a majority of the income to go to my father.Can anyone help me decide what my options may be, the pros and cons, and tax implications involved? THANKS!

The variables are too great to be able to make any recommendation other than the logical one. Contact an accountant and sit down with them to analyze your fathers risk tolerance, current financial situation and future financial needs.

Can I make a living building and selling yurts? -

its possible - but most likely not.yurts are very complex and you have to skin animals in order to get the animal fur unless you buy it . but still..i would use that as a living.

Probably not - there isn t a lot of demand

What is the best bank/checking account for a small business? -

I am starting a book publishing company. It s small, no employees, just myself. I have 2 clients and plan to sell the books online. What s the best bank to do business with, and the best biz checking account they offer, considering the small scale of business? Want one that does not have a high monthly fee or require a large daily balance, and preferably with a bank with locations nationwide. I am located in Washington, DC. Thanks.

The interesting thing about banks is they all have special promotions at different times. What you really want to have is one that will allow you to pay bills on-line without extra charges. One that allows you to have multiple deposits into your account and low charges for any bounced customer checks. You will also want to set up a separate savings account so you can transfer funds into it to pay your taxes and use for overdraft protection. This will keep you bank happy. I would look for one close to you business or home so you don t have to go out of your way other than that most of them are pretty much the same. I use Wells Fargo. Hope this helps Good luck with your business.