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CORPORATE SET-UP, CORPORATE POLICIES and CORPORATE MANAGEMENT TRAINING
  • Key takeaways
  • What is an LLC?
  • What is an S corporation?
  • Liability protection in LLCs and S corporations
  • Taxation differences between LLCs and S corporations
  • Key differences between an S corporation and an LLC
  • What is a limited liability partnership?
  • Management structure of LLCs vs. S corporations
  • Tax liability and reporting requirements
  • Self-employment taxes
  • Pass-through taxation
  • Cost to establish
  • Ideal business sizes for LLCs and S corporations
  • Income threshold for S corporation consideration
  • Growth potential and investor attraction
  • Why choose an S corporation over an LLC?
  • LLC vs. S corporation: Which option is best for you?
  • An S corporation may be best for you if:
  • An LLC may be best for you if:
  • Converting from an LLC to an S corporation
  • Steps to convert an LLC to an S corporation
  • Benefits of converting to an S corporation
  • Make an informed decision

Why are company policies important?

Company policies put in writing what you expect from your employees. These may be related to performance, values or behavior. Additionally, company policies can serve as pre-warnings for employees, since they outline the consequences of failing to abide by the rules.

Company policies are important for a variety of other reasons, including:


  • Setting expectations
  • Keeping management accountable
  • Ensuring compliance with the law
  • Helping defend against legal claims
  • Assisting with fair treatment of employees


1. Step 1: Get organized. Identify key policies. ...
2. Step 2: Find reliable source material. You don't have to start from scratch when creating a new policy. ...
3. Step 3: Create a policy structure. ...
4. Step 4: Distribute the policy for feedback. ...
5. Step 5: Distribute the policy to staff.

Company policies and procedures help your workplace run more efficiently. They ensure consistency, fairness, and compliance with US labor laws. Policies also help your employees know what is acceptable, and what is not tolerated. Plus, they reflect your company’s values, making it a better environment for all employees.

However, for your policies to be effective, they need to be comprehensive, inclusive, and well communicated. When you don’t implement them in the right way and take into account all aspects of the employee experience, you put your organization at risk.


1. What are Company Policies and Procedures?
2. What is the Purpose of Company Policies and Procedures?
3. How to Create Company Policies and Procedures
4. Which Company Policies and Procedures to Include
5. An Employee Handbook Template for Small Businesses
6. Centralize Company Policies and Procedures
7. Create an Employee Portal with Factorial

Company policies are guidelines that help employers deal with the health, safety and accountability of employees, as well as their interactions with customers or clients. Business policies can also be used as a guideline for federal or state regulatory requirements, legal issues and other situations that can lead to severe consequences for employees. Here’s a list of company policies that your organization may need:


  • Equal opportunity policy
  • Workplace health and safety
  • Employee code of conduct policy
  • Attendance, vacation, and time-off policies
  • Employee disciplinary action policy
  • Employee complaint policies
  • Ethics policy
  • Work schedule and rest period policies
  • Substance abuse policies
  • Workplace security policies
  • Bring Your Own Device (BYOD) policies
  • Compensation and benefits policy
  • Travel policies
  • Employee fraternization policy
  • Inclement weather policies
  • Employee face mask policy (during COVID-19)
  • Remote work policy
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