LLC is a business structure that’s popular with small-business owners. An LLC offers the benefits of a corporation (separation of personal assets from business assets) without the corporate formalities (such as holding annual meetings and keeping detailed records). What about the tax classification for LLC? Key TakeawaysAn LLC tax classification determines how the company will … Read more
LLC vs S Corp California: what is their difference? In this guide, we’ll compare LLCs and S corporations from a California perspective to help you decide which option is best for your business. Key TakeawaysLLC is easier and cheaper to set up than S Corporation.LLC owners must pay self-employment taxes for all income. S corp … Read more
If you are forming a new LLC, you may wonder whether to file in your state of residence or in another state.This is a question that comes up frequently for online business owners who do not have a physical presence in their state of residence. I’ve created this guide to help you select the best … Read more
The total cost of an LLC depends on the state in which you form it, as well as whether you hire a professional to help you set up your LLC.The least expensive route is to form an LLC yourself online, but you’ll still have to pay filing fees, registered agent fees, business license fees which … Read more
Deciding on whether to create an LLC or a doing business as (DBA) for your new business can be challenging.You need to weigh all of the factors, including tax considerations, legal liabilities, and ease of use.DBA Vs. LLC; these two entities have different advantages and disadvantages, so this article will help you understand when to … Read more
You’ve finally decided to start your own business. However, you are confused and wondering if to form an LLC, or a C Corp. This can be a confusing decision for many entrepreneurs, especially if it’s their first time starting a business.LLC vs. C Corp; I will break down these two entities and discuss their differences … Read more
It is possible that at some point in the future, you might have to remove a member from your LLC. While you should do everything you can to avoid this situation, there’s always a chance that it can happen.In this guide, I will discuss how to remove a member from an LLC member so that … Read more
If you are thinking about setting up your own LLC, you’ll need to know how long it takes to form it.The process can be completed in about two to four weeks in all states. But with various requirements, the time varies from state to state. You may choose to hire the services of an attorney … Read more
Would you love to start a bakery, make yummy snacks in your dream field of work, and become your boss? You’ve come to the right place. If you start a bakery, your chances of success are very high. The bakery has a thirty billion dollar market yearly, and it’s an industry that’s fast-growing for small businesses. … Read more
So you’ve decided to start a farm. You’re far from alone in your ambition–there were over 2 million farms in the U.S. and 4 million farmworkers by 2021. Some are hobby farm projects, but most are substantial commercial enterprises that significantly impact local and global markets. Making this decision means you’ll need to consider the costs … Read more