A Limited Liability Company (LLC) is one business formation strategy that has a huge benefit on startup businesses especially those looking towards expanding in the future. An LLC is seen as a business structure whereby the owners are not personally liable for the company’s debts or liabilities. While forming an LLC when starting a business comes…

 

Transferring a personal vehicle, just like a property, to an LLC can limit your personal liability if someone is injured on the property and files a lawsuit against the owner. For instance, if the parking brake fails and results in the vehicle rolling down a hill and striking another vehicle, as an individual owner, the…

 
 

Are you about registering a multi-member LLC? If YES, here are 4 fail-proof ways to protect your LLC from the bankruptcy of an LLC member. Have it in mind that the bankruptcy of an LLC member aside from disrupting business operations also results in costly litigation. However, you can bullet proof your LLC by including…

 

A Limited Liability Company (LLC) is the US – specific form of a private limited company. It is a business structure that can combine the pass – through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal…

 

A W-9 form is an Internal Revenue Service tax form that shows that the taxpayer is not subject to backup withholding, and is charged with paying his or her own taxes. The W-9 form is a necessary guide in completing a contractor’s tax obligations for the calendar year, either with the help of a tax…

 

If you own a limited liability company (LLC) and you personally declare bankruptcy, what happens next tends to depend on whether you are the company’s sole owner or you share ownership with other members. What is Bankruptcy? In the United States, bankruptcy is a legal process in which you petition the U.S. Bankruptcy Court to…

 

No, a registered agent address and a business address are two separate requirements that serve separate functions for your LLC or corporation. Also be aware that P.O. boxes are typically not permitted to be used as an address on the majority of state or federal filings or registrations. In the United States, you are expected…

 

For both questions, Yes and No! A Registered Agent has no position within the company, and no power, so cannot sign crucial business documents on behalf of an LLC. The Registered Agent’s job is merely to forward service of process to a Company’s designee, whether a Manager, Owners, Board or other authorized representative of the…

 

Single member LLC vs Multi-member LLC, which is best for married people? Here are factors to consider before forming an LLC as husband and wife. A limited liability company (LLC) is a business that operates like a partnership but has the benefit of added liability protection. While it operates similarly to a partnership, it is…

 

No, you do not always have to include “LLC” in your logo, business card, website, social media pages or marketing collateral. In the United States you don’t need “LLC” in your branding, but it’s imperative that you include “LLC” in your business name for every other legal documentation. On Business Cards Although it might not…

 

An LLC after a doctor’s name, just like in every other place, means a Limited Liability Company. Structured as separate legal entities from their owners, limited liability companies (LLCs) benefit from limited liability protection. They are a good option when starting a business or running a small business for liability and tax reasons. However, a…

 

Do you want to file a DBA in Tennessee and want to know the requirements? If YES, here are 5 steps on how to register a DBA for an LLC or Corporation. In the United States, every business has a legal name. For instance, a partnership or sole proprietorship can use the legal name of…

 

Do you own a business in NC and want to close down due to debt or other reasons? If YES, here is a 8-step guide on how to dissolve an LLC in North Carolina. Dissolving a company is an official process of permanently closing your business. Even though filing the dissolution documentation with the state…

 

Do you own a business in New York and want to close down due to debt or other reasons? If YES, here is a 8-step guide on how to dissolve an LLC in New York. Deciding to close a business in New York can be stressful. While your instinct might be that you just want…

 

Do you want to file a DBA and you want know the maximum limit? If YES, here are factors that determine how many DBAs an LLC or Corporation can have in USA. What is a DBA? A “doing business name” or “DBA” is an assumed name that a company uses, which varies from its legal…

 

Do you want to change your business entity from sole proprietor to LLC? If YES, here are 10 steps on how to change sole proprietorship to LLC in USA. It is not out of place to start your business as a Sole Proprietor, but you may need to change your business status from Sole Proprietorship…

 

Are you about starting an LLC and you need help to draft an LLC operating agreement? If YES, here is a sample LLC operating agreement template to help you. Although an LLC agreement is not needed in any state in the United States, it is still a vital document. However, what is an LLC operating…