Top Of The Week

Does an llc pay self-employment tax?

This general rule implies that members of an LLC classified as a partnership are subject to self-employment (SE) tax on...

Is an llc worthwhile for a small business?

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

What are the advantages of a public limited company?

For a corporation, members are not personally responsible for the actions of the company. Another distinguishing feature...

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...

Where are the cheapest states for an LLC

One of the most common reasons for forming a new business is to look for a cheaper place to do business. It is an...

Can you form an llc without a business?

Forming an LLC (limited liability company) can be a smart decision, even if you don't currently own a business, depending ...

Recent Posts

Does incorporation save money on taxes?

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...

Recent Post

Do you need money to start an llc?

It's important to note that cost, tax, and LLC laws vary from state to state, making some states more advantageous for...

What is the disadvantage of a limited liability company?

States charge an initial incorporation fee. Understanding the disadvantages of an LLC is important in determining the...

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....

Should i apply for ein before llc?

Yes, you can and should apply for an EIN number before creating your company. You must have an EIN so that the Internal...

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...

How do corporations reduce taxable income?

By separating salary from business profits, the owner saves a small amount in taxes by avoiding payroll taxes on the...

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 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...

Editors Picks

Do the self-employed pay less tax?

Do the self-employed pay less tax?

Owners of an LLC choose to reduce their individual self-employment tax burden by electing to have the LLC treated as a...

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

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 worth having a limited liability company?

Is it worth having a limited liability company?

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

Do you pay less taxes if you are a llc?

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...

What is the cheapest way to set up an LLC?

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 a corporation reduce its taxes?

Does a corporation reduce its taxes?

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