Top Of The Week

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 ...

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...

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...

Who should incorporate a limited liability company?

Anyone starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is ...

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...

Recent Posts

Is it better to be an llc or sole proprietor?

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...

Highlights

Do you get taxed less as an llc?

Do you get taxed less as an llc?

Do you need money to start an llc?

Do you need money to start an llc?

Recent Post

Who can incorporate a limited liability company?

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

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...

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...

Can i start an llc in a different state?

Usually, for U.S. residents.

What is the cheapest way to obtain a limited company?

Filing on your own is usually the cheapest option, but completing all the forms and filing them yourself can be...

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...

Can i use an llc name that is inactive?

It's important to check the availability of a business name before using it for your LLC. If a company name is inactive,...

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...

Editors Picks

What happens to an unused llc?

What happens to an unused llc?

Many states charge you annual fees to keep your LLC running. If you don't officially shut down the company, you'll still...

Should i apply for ein before llc?

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...

Is an llc worthwhile for a small business?

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 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...

How much can be deducted in corporation tax?

How much can be deducted in corporation tax?

The Internal Revenue Service (IRS) limits the amount you can deduct for LLC start-up expenses. Under the uniform...

Can you form an llc without a business?

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 ...