Unlocking Your Business Potential
Dahlia Can my LLC be an S corp? By default, LLCs with more than one member are treated as partnerships and taxed under Subchapter K of the Internal Revenue Code. And, once it has elected to be taxed as a corporation, an LLC can file a Form 2553, Election by a Small Business Corporation, to elect … Read more
Is it hard to get a talent agent? In short, yes. In fact, if you’re aiming high, and are sitting at home with no professional credits, no formal training, and limited acting experience, it’s nearly impossible. But, though it’s nearly impossible to sign with a great agent, if you follow the path set out below, … Read more
Can the IRS dissolve an LLC? A member must file an annual tax return for the year the LLC goes out of business. If the LLC has employees, the members must also file final employment tax returns and make final federal tax deposits of those taxes. After filing all of these forms, the IRS will … Read more
How do you identify an entrepreneurial business? 5 Simple Ways to Identify Business Ideas That Could (Really) Change the World Find opportunities in your own community. Draw upon your own personal experiences. Look for ideas that get other people involved. Go out of your way to ask others how you can help. Give back through … Read more
Do you have to get operating agreement notarized? An LLC operating agreement does not need to be notarized. Read more on www.wolterskluwer.com An operating agreement is one of the crucial papers that business owners must produce when forming a Limited Liability Company (LLC). The ownership structure, managerial philosophy, and financial distribution of the business are … Read more
What are the 4 types of business models? Four Traditional Types of Ecommerce Business Models B2C ? Business to consumer. B2C businesses sell to their end-user. B2B ? Business to business. In a B2B business model, a business sells its product or service to another business. C2B ? Consumer to business. C2C ? Consumer to … Read more