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Additional info for The eBay Seller's Tax and Legal Answer Book: Everything You Need to Know to Keep the Government Off Your Back and Out of Your Wallet

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Advantages and Disadvantages. An S corporation offers exactly the same protection against legal liability that a regular or C corporation does, with the added benefit of a simplified tax structure. What’s good about an S corporation? Two things: limited liability and a ‘‘pass-through’’ tax structure. Because S corporations pay no taxes (in this respect they are just like partnerships), there is no double taxation of income as there is with a C corporation. S corporations do have their problems, though.

Third Stop: Secretary of State’s Office If no one has trademarked the name you want to use for your business, you must next find out if someone in your state is using it for his corporation or limited liability company (LLC). Your state secretary of state’s office will not allow two corporations or LLCs to have the exact same name. org (IACA—International Association of Commercial Administrators—is a trade association of state secretaries of state and their staffs). Click on the Members link, then click on IACA Directory.

Business owner to register a trademark. If you really must get a trademark for .. .. your business name, have an attorney handle the online registration for you. It .. .. won’t be cheap—in fact, it will cost you somewhere between $500 and $1,500, .. .. depending on where you live and how extensively the lawyer has to ‘‘search’’ . ... .. the trademark records to make sure the name you want is really available—but .. .. at least you will know it’s been done the right way. .. ...................................................................................................................................

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