Business Law

Disadvantages of an S Corporation and Why You Might Still Choose It

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What is a disadvantage of an S corporation? Disadvantages of S corporation types include legal barriers that prevent them from having more than 100 owners or having shareholders that are non-U.S. persons. Moreover, shares or membership in S corporations cannot be held by most partnerships, LLCs, trusts, or other corporations. Read more on www.upcounsel.com A … Read more

Can an LLC Own Another LLC in PA?

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Can an LLC own another LLC in PA? Yes–in fact, an LLC can own numerous LLCs in a structure as a holding company or a series LLC. The owner LLC is called the master entity, and the LLCs it owns are called LLC cells. The establishment of a limited liability company is governed at the … Read more

How Much Does a LLC Cost in Wyoming?

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How much does a LLC cost in Wyoming? The cost to start a Wyoming limited liability company (LLC) online is $102. This fee is paid to the Wyoming Secretary of State when filing the LLC’s Articles of Organization. Read more on howtostartanllc.com Wyoming is well regarded for having an atmosphere that is friendly to business, … Read more

Do Sole Proprietors Need a Business License in Nevada?

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Do Sole proprietors need a business license in Nevada? SOLE PROPRIETORSHIP. Sole Proprietorships are not required to file formation documents with the Secretary of State’s office. However, a Nevada State Business License or Notice of Exemption is required before conducting business in the state of Nevada. Read more on www.nvsos.gov If you’re thinking about opening … Read more

Can an LLC do business as another name?

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By Jane Haskins, Esq. A limited liability company can register a DBA, or “”doing business as”” name and still do business using the official LLC name. A DBA operates much like a personal nickname-you may use your nickname for some purposes and your full legal name for others. Read more on info.legalzoom.com The personal liability … Read more

Does Pennsylvania Require a DBA?

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Does Pa require a DBA? Under Pennsylvania law, a DBA registration is not formally required with the Secretary of State. Registering a trade name also allows the company to open bank accounts using the new name, receive payments to the new name, and otherwise do business with that name. Read more on www.legalzoom.com You might … Read more

Do You Need a Nevada State Business License?

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Do I need a Nevada state business license? State law requires that every person or entity doing business in the state of Nevada obtain a business license annually. A business that meets the criteria shall not do business in the state of Nevada without the State Business License. Certain businesses may be exempt from the … Read more

Can I Use a Virtual Address for My LLC in Ohio?

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Can I use a virtual address for my LLC in Ohio? Can I use an OH virtual address as my Registered Agent address? No, we do not recommend it. Generally speaking, your Ohio Registered Agent should have a real OH street address where they can receive official, legal correspondence. Read more on www.incfile.com The answer … Read more