Unlocking Your Business Potential
Is it better to be a single or multi-member LLC? A single-member LLC is easier for tax purposes because no federal tax return is required, unless the business decides to be treated as a corporation for tax purposes. The income is reported on the member’s tax return. A multiple member LLC must file tax return, … Read more
Can I use an old EIN for a new business? Once an EIN has been assigned to a business entity, it becomes the permanent Federal taxpayer identification number for that entity. Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to another business entity. … Read more
What is California Limited Liability Company Act? The California Revised Uniform Limited Liability Company Act (the “”New Act””) became effective on. The New Act also applies to the acts or transactions by an LLC or by its members and managers occurring, and contracts entered into by an LLC or its members and managers, on and … Read more
What does this limited liability company shall have the purpose of creating general public benefit mean? Benefit corporations are required to have a purpose to create a general public benefit. A general public benefit is defined as a “”material positive impact on society and the environment, taken as a whole, as assessed against a third-party … Read more
Can you add members to a single member LLC? Single-member LLCs are taxed as sole proprietorships, but if a new member is added, making it a multi-member LLC, the taxation status will change. Multi-member LLCs can choose to be taxed as partnerships or corporations. Read more on www.upcounsel.com Limited Liability Companies (LLCs) with a single … Read more
What constitutes doing business in Alaska? Generally, a company is transacting business in this state if it has sales, or payroll, and real or personal property in this state. Read more on www.commerce.alaska.gov A popular site for firms in the energy, mining, and tourist sectors, Alaska is known for its vast wilderness, rough terrain, and … Read more
What are the things to consider in selecting the best legal form of organization? The following are some of the important factors business owners should consider when selecting a form of ownership. Cost of Start-up. Control vs. Profits-to Share or Not to Share. Taxation. Entrepreneurial Ability. Risk Tolerance. Financing. Continuity and Transferability. Read more on … Read more
What does foreign LLC mean? A foreign LLC is an LLC that was initially formed in another state but has registered with the California Secretary of State to do business in California. The process of registering a foreign LLC in California is also referred to as foreign qualification and applying for a California Certificate of … Read more
How do I find out who owns a LLC in Alabama? Welcome to the Secretary of State’s Government Records Inquiry System. This facility provides you easy access to public information maintained by the Secretary of State’s office in electronic format. If you are searching for certain corporation records from 1949-2010, please visit https://www.archives.alabama.gov. Read more … Read more
How long does it take to get an LLC in Colorado? How long will it take to form my Colorado LLC? If you order the Basic or Standard package, we will file your paperwork with the Colorado Secretary of State within four to five business days and you’ll receive your completed LLC documents one to … Read more