Business Law/Taxation

What happens to an LLC if you never use it? If you never used the LLC for anything then it is inactive and always has been. For federal income tax purposes, the consequences will depend on whether you were the only owner or if there were other owners. Read more on www.avvo.com Choosing the proper … Read more

Can I change my EIN from LLC to S-Corp? You can switch your limited liability company’s (LLC) tax status to an S corporation, provided it meets the Internal Revenue Service’s (IRS) requirements. You don’t have to change your business structure, but you’ll need to file a form with the IRS. Read more on www.legalzoom.com If … Read more