Step-by-Step Guides for Creating and Managing Your LLC

Limited liability companies (LLCs) provide greater flexibility for the taxation of your business. You can choose to use the default federal tax classification for your business structure, such as sole proprietorship or partnership. Or elect to be taxed under… Read more…

A major advantage to forming an LLC is the flexibility of members to choose how they wish to be taxed (if they meet the eligibility criteria). Because an LLC is a disregarded entity for tax purposes, members can be taxed as a sole proprietorship (for… Read more…

Successful LLC formation doesn’t mean the end of paperwork for you. You’re required to file an annual report with your state's Secretary of State as part of operating your LLC. Due dates, forms, and filing fees vary, but one thing remains the same across… Read more…

If your limited liability company (LLC) works with any business partners (which it probably does!), you may be asked to fill in and submit a W-9 form. That’s a standard request for ensuring federal tax compliance. But new business owners often feel trouble… Read more…

As a new business owner, you may have heard people talking about an EIN, federal tax ID number, FEIN, taxpayer identification number (TIN), or something along those lines. All of these terms refer to the same thing – an Employer Identification Number (EIN),… Read more…

When running a small business, you have to be ready for the ups and lows. At some point, you may need assistance from other people to get your business to the next stage. This assistance may come in the form of time, money, or advisory. But what can you offer… Read more…

For various reasons, a small business owner may need to move their limited liability company (LLC) to a state other than where it was formed. Entrepreneurs may do this for many reasons: Cross-border business expansion The owner’s relocation Estate planning… Read more…

Business owners have several options for forming an entity legally separate from themselves. Sole proprietorships or partnerships are often the first choices for small businesses. Later, however, many switch to a Limited Liability Company (LLC) or Corporation… Read more…

When it comes to completely changing the name of your LLC, the process is similar to filing for a DBA. You can do this independently or with an attorney or rely on web-based legal services to assist you. If you plan to handle this process alone, just make… Read more…

Starting a business is a big decision, requiring some operational knowledge. It's essential first to determine your business’s optimal structure, especially if you plan to get a business partner instead of operating as a sole proprietor. When two or more… Read more…

Forming an LLC is a smart choice for individual entrepreneurs and small business owners aiming to grow their ventures. An LLC provides superior liability protection for both business and personal assets compared to self-employment or sole proprietorship. In… Read more…