Unlocking Your Business Potential
Can a LLC do fundraising? An LLC can operate any type of private fundraiser. Private fundraisers can collect monies or goods, can sell or purchase donated products, can give services at no charge or offer an amusement, game or recreation event with the proceeds benefiting the LLC or a private cause. Read more on legalbeagle.com … Read more
What is in the articles of organization? The articles of organization document typically includes the name of the LLC, the type of legal structure (e.g. limited liability company, professional limited liability company, series LLC), the registered agent, whether the LLC is managed by members or managers, the effective date, the duration (perpetual by default Read … Read more
What is the advantage of a Montana LLC? Why Form an LLC in Montana? Montana does not have a sales tax. If you make a big purchase, like a car, through your LLC, you will save on taxes and fees. You can also register a vehicle in Montana through your LLC to save even more … Read more
How do I change from single member to multi member LLC? The only things that are officially required for a multiple-member LLC to become a single-member LLC are the sale of the membership interest of the leaving member(s) to the remaining member and the filing of a new tax election form. Read more on info.legalzoom.com … Read more
How do I renew my LLC in Illinois? How Do I File an Annual Report? OPTION 1: File Online With Illinois Cyberdrive. OPTION 2: File Form LLC-50.1 by Mail. Fee: $75. Mailing Address: Due Date: Illinois LLC annual reports are due before the first day of your LLC’s anniversary month (i.e., the month when you … Read more
Does a one person LLC need an operating agreement? Does a single member LLC need an operating agreement? Technically, no, but it is still highly recommended. The purpose of the operating agreement is to state the operations of the LLC and set out the responsibilities of its members, including sole members, as is the case … Read more
How do I add two people to my LLC? Basic Steps to Form a Multi-Member LLC Choose a business name. Apply for an EIN (Employer Identification Number). File your LLC’s articles of organization. Create an operating agreement. Apply for the necessary business licenses and permits. Open a separate bank account for your business. Read more … Read more
Do I have to renew my LLC in NJ? Every business in NJ must file an annual report. This includes simply ensuring that your registered agent and address are up to date, and submitting a $75 filing fee. The report is due on the last day of the month in the month in which you … Read more
What is doing business in a state? When you begin to engage in business activities outside your formation state, you’re likely to hear the term “”doing business””. “”Doing business”” refers to the process of carrying on the normal activities of a business in another state on a regular basis or with substantial contacts – not … Read more
Can business name and trade name be the same? A business can opt to have their business name and trade name be the same. A trade name may also be called a doing business as (DBA) name. It’s the name the public sees. If you want to operate under a different name than your legal … Read more