How-to guides for starting and operating an LLC

Forming an LLC is a sound decision for individual entrepreneurs and small business owners who want to scale their businesses. A limited liability company offers better liability protection for business and personal assets than self-employment and sole… Read more…

A limited liability company (LLC) is a popular business structure for small business owners as it’s cost-effective, tax-friendly, and scalable alongside your business operations. You’ll need to file the required paperwork with your local secretary of… Read more…

When starting a new business, most entrepreneurs choose the sole proprietorship status first. Then as your business grows to a new level, you may consider incorporation. Getting established as a Limited Liability Company (LLC) is a common next step. This… Read more…

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…

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…

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…

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…

Registering a limited liability company (LLC) comes with many perks. Most notably, limited personal liability and personal asset protection, hence the name. However, you need to complete several administration formalities to gain these benefits. Namely,… Read more…

When incorporating a business, you need to take several critical early steps: select a unique business name, decide on the type of business entity and formation state, and get business licenses sorted out. But that’s not all. You’ll need to designate a… 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…

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…

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…

Taxes are one of the biggest concerns for small business owners. You may be worried about doing your IRS paperwork correctly and claiming all proper tax deductions. A simple way to stave off the stress is to know when various business taxes are due. Then… Read more…