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What happens if an LLC is created and is not used?

Even if an inactive LLC has no income or expenses for a year, it may still have to file a federal income tax return. LLC...

Is it better to be an llc or sole proprietor?

An LLC has several advantages in the areas of legal protection and liability. While there are filing fees for setting up...

Can you form an llc in a different state?

When wondering if it matters where to form an LLC, business owners often wonder if they can live in a different state....

Why is an llc a good option for owning a business?

The simple and adaptable business structure of an LLC is perfect for many small businesses. While both corporations and...

Do corporations really protect you?

In all states, having an LLC will protect owners from personal liability for any wrongdoing committed by co-owners or...

Is an LLC the best way to set up a company?

Setting up a limited liability company (LLC) is the best business structure for most small businesses because they are...

Recent Posts

Does llc protect you from irs?

Does llc protect you from irs?

By default, the IRS considers an LLC to be similar to a sole proprietorship or partnership for tax purposes. Therefore,...

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Can i set up a limited liability company for free?

One of the most frequently asked questions we encounter is: "How much does it cost to set up an LLC?" This question is...

Is it worth setting up a limited liability company?

Probably the most obvious advantage of forming an LLC is the protection of your personal assets by limiting liability to...

Does a corporation reduce its taxes?

 Entrepreneurship is a lucrative career that can come with tax benefits.Many entrepreneurs wonder as to whether it...

What is the cheapest way to set up an LLC?

Setting up an LLC is the first step in getting your business off the ground. Many startup entrepreneurs make the mistake...

Does incorporation save money on taxes?

Any LLC can elect to be treated as a corporation for tax purposes by filing IRS Form 8832, Entity Classification...

Do i need a separate llc for each state?

No, you just need to set up an LLC. Your LLC will be considered a domestic LLC in the state in which you file the...

Do you pay less taxes if you are a llc?

One of the biggest tax advantages of a limited liability company is the ability to avoid double taxation. The Internal...

When can llc members be held personally liable?

Personal Responsibility for Your Own Actions If you form an LLC, you will remain personally responsible for any crime you ...

Editors Picks

Do small businesses use llc's?

Do small businesses use llc's?

Many small businesses are organized as limited liability companies, or LLCs, because an LLC offers the same liability...

When to Form an LLC: A Comprehensive Guide for Business Owners

When to Form an LLC: A Comprehensive Guide for Business Owners

As a business owner, one of the most important decisions you will make is choosing the right legal structure for your...

Forming an LLC: Can You Do It Alone?

Forming an LLC: Can You Do It Alone?

When starting a business, one of the first decisions you need to make is what type of legal structure to use. Many...

Can i start an llc in a different state?

Can i start an llc in a different state?

Usually, for U.S. residents.

Does a limited company protect me personally?

Does a limited company protect me personally?

Like the shareholders of a corporation, all LLC owners are protected from personal liability for the debts and claims of...

Who can incorporate a limited liability company?

Who can incorporate a limited liability company?

A limited liability company (LLC) is a legal business entity that offers certain liability protection (like a...