Unlocking Your Business Potential
By Tom Speranza, J.D. A limited liability company (LLC) is a type of business entity available to companies in all 50 states. If the first LLC owns more than 50 percent of the second LLC’s membership interests, the first LLC is the parent and the second LLC is the subsidiary. Read more on info.legalzoom.com For … Read more
Should a therapist be an LLC? While an LLC remains a common and often preferred business structure choice for many, it’s not the right fit for all counselors, in all cases. Ultimately, counselors will need to do their own due diligence to determine what business structure makes sense for their unique practice and financial situation. … Read more
Can two states have the same LLC name? Can Two LLCs or Companies Have the Same Name? Yes, with some exceptions. When you’re forming a corporation or an LLC in a state, the name must be unique to your business within that state. Others can form LLCs and businesses in other states that have the … Read more
How many LLCs Can an S corp own? An S corp may own up to 100 percent of an LLC, or limited liability company. While all but single-member LLCs cannot be shareholders in S corporations, the reverse — an S corporation owning an LLC — is legal. Read more on legalbeagle.com S corporations and limited … Read more
How a corporation is formed and managed? A corporation is managed by its board of directors, which must approve major business decisions. A director can be, but is not required to be, either a shareholder or an officer. Like representatives in Congress, directors are elected by the shareholders and typically serve for a limited term. … Read more
Registration under GST (Goods and Service Tax) ? It is required in case the turnover of the business exceeds specified limit. The limit is ? 40 lakhs for supplier of goods and ? 20 lakhs for service providers (limit is ? 20 lakhs and ? 10 lakhs, respectively for specified States). Read more on www.legalwiz.in … Read more
Can a farm be an S Corp? S Corporation Eligibility. Your farm must meet certain criteria to qualify as an S corporation. All shareholders of the corporation must be U.S. citizens. Only one class of stock is permitted, but you can designate some shares as voting and others as non-voting. The number of shareholders must … Read more
How much does it cost to form LLC in Wyoming? The Wyoming Secretary of State charges a $100 fee to file the Articles of Organization by mail and $102 to file online. You can reserve your business name by filing an LLC name reservation for $50. Wyoming LLCs are also required to file an annual … Read more
What are disadvantages of limited liability? Disadvantages of a limited company. limited companies must be incorporated at Companies House. you will be required to pay an incorporation fee to Companies House. company names are subject to certain restrictions. you cannot set up a limited company if you are an undischarged bankrupt or a disqualified director. … Read more
Do I need a certificate of existence in Washington? Washington businesses are not legally required to obtain a certificate of existence. However, your business may choose to get one if you decide to do business outside of Washington or get a business bank account. Read more on howtostartanllc.com The Washington Secretary of State’s office may … Read more