Unlocking Your Business Potential
Do I have to renew my LLC Every year in NY? Domestic and foreign limited liability companies (LLCs) are required by Section 301(e) of the Limited Liability Company Law to file a Biennial Statement every two years with the New York Department of State setting forth the address to which the New York Secretary of … Read more
How hard is it to move an LLC from one state to another? Keep Old LLC and Register In New State. Perhaps the easiest way to move your LLC to a new state is to keep your old LLC and register it as a foreign LLC in the new state where you want to relocate. … Read more
Do you need an operating agreement for an INC? Operating agreements and articles of incorporation are both legally significant. For articles, they are a legal requirement for corporations and exist as a public record to identify the company. Operating agreements are legally binding in the event legal matters arise between business owners. Read more on … Read more
The Wisconsin Department of Financial Institutions (DFI) requires that articles of incorporation for limited liability organizations (LLCs) be filed. However, when the LLC expands or experiences structural changes, adjustments to the initial articles can be necessary. This article will go over Wisconsin LLC amendment procedures and address some associated queries. In Wisconsin, is there a … Read more
Can an LLC raise money? Raising capital for your LLC through the equity route means selling ownership stakes in your business. While the official term for LLC owners is members, for your LLC small business you can think of raising equity capital as either bringing on partners with cash to contribute, or having investors in … Read more
How do I remove a partner from an LLC in NJ? After a meeting is called consisting of all the members, a vote should be cast to remove the member. You may need to reach a universal agreement, where all members agree on removing the member or get majority approval. If you can’t get the … Read more
Does SC require LLC operating agreement? An LLC operating agreement is not required in South Carolina, but is highly advisable. This is an internal document that establishes how your LLC will be run. It is not filed with the state. It sets out the rights and responsibilities of the members and managers, including how the … Read more
How do you dissolve a partnership without an agreement? The partner must provide the notice in writing and the partnership will dissolve from the date specified on the notice. If no date is mentioned, the dissolution will take place from the date of communication of the notice. Additionally, in some cases, the court may give … Read more
Does Florida require a separate S election? The Florida S Corporation filing requirements make it easy for companies to be an S corporation because the state of Florida does not assess an individual income tax. The state of Florida accepts the IRS’ S corporation election, so you do not have to file a state-level form … Read more
Do S corps have limited life? Existence is perpetual for S corporations. Conversely, LLCs typically have limited life spans. The stock of S corporations is freely transferable, while the interest (ownership) of LLCs is not. Read more on www.entrepreneur.com A special election with the Internal Revenue Service (IRS) is required to establish a S Corporation, … Read more