Converting Your LLC to an S Corp in Minnesota

How do I change my LLC to an S Corp in Minnesota? Starting a Minnesota LLC and electing S corp tax status is easy. Step 1: Name Your LLC. Step 2: Choose Your Minnesota Registered Agent. Step 3: File the Minnesota LLC Articles of Organization. Step 4: Create an LLC Operating Agreement. Step 5: Get … Read more

Understanding the Profit Margin on a Video Game

What is the profit margin on a video game? For hit games with significant revenue made from selling virtual goods, profit margins can be around 90%. This compares to margins of about 40% for the average successful console game. The source of the huge margin is primarily low costs. Read more on www.businessinsider.com There are … Read more

The Best Entity for a Trucking Company: LLC or S Corp?

What is the best entity for a trucking company? Limited Liability Corporation Most small trucking companies and independent owner operators choose to register as an LLC, which stands for Limited Liability Corporation. An LLC is like a corporation that separates your business assets from your personal property but it is much easier to manage than … Read more

Can a Nonprofit Board Member also be an Employee?

Can a nonprofit board member also be an employee? The short answer to your question of whether one can be an employee and a board member of a nonprofit organization is “”yes.”” While not the norm, it is a common practice for a CEO or executive director to also be a member of the board, … Read more

The Easiest Type of Company to Set Up and Best State to Register a Business

What companies is the easiest type to set up? Sole proprietorship is the easiest type to set up. Read more on www.studyrankersonline.com For many entrepreneurs, starting a business can be a difficult endeavor, but selecting the appropriate type of business might make it simpler. Companies can be organized as sole proprietorships, partnerships, limited liability companies … Read more

On which Surface is Figure Skating Down?

On which surface is figure skating down? Ice skating is a sport in which people slide over a smooth ice surface on steel-bladed skates. Millions of people skate in those parts of the world where the winters are cold enough. Read more on www.scholastic.com The ice sport of figure skating involves skating on the ice … Read more

Do I Have to Renew My LLC Every Year in Ohio?

Do I have to renew my LLC Every year in Ohio? Annual Report. Unlike most states, Ohio does not require LLCs to file annual reports. Read more on www.nolo.com If you are in Ohio and have an LLC, you might be asking if you need to renew it annually. No, Ohio LLCs do not need … Read more