Shutting Down a Small Business: A Guide

How do I shut down a small business? Follow these steps to closing your business: Decide to close. File dissolution documents. Cancel registrations, permits, licenses, and business names. Comply with employment and labor laws. Resolve financial obligations. Maintain records. Read more on www.sba.gov Small business closures can be difficult, but they are occasionally essential. There … Read more

Can Single-Member LLC be Taxed as Partnership?

Can single-member LLC be taxed as partnership? Yes. You can elect to be classified as a partnership or an association taxable as a corporation. Read more on www.keytlaw.com Limited liability companies (LLCs) are one of the most adaptable business structures in terms of taxation. LLCs can choose to be taxed as a partnership, S corporation, … Read more