Business Law

Can LLC have two managing members? Can an LLC have two managing members? Yes. A multi-member LLC can have as many managing members as desired. Read more on howtostartanllc.com Due to its adaptability and tax advantages, Limited Liability Companies (LLCs) have grown in favor in recent years. The flexibility of a partnership and the restricted … Read more

How much does it cost to dissolve an LLC in NC? Limited Liability Company Form Document Name Fee L-07 Articles of Dissolution $30.00 Read more on www.sosnc.gov Even though it can be challenging, dissolving an LLC is important when you decide to shut down your company. To dissolve an LLC in North Carolina, there are … Read more

Can an LLC and DBA have the same name? Yes, it is perfectly acceptable for someone to register an entity (be it an LLC, LLP, or corporation) with the same name as your DBA. Actually, it’s probably not the same name as your DBA, even though you contend that it is. Read more on www.quora.com … Read more

How much does it cost to set up an LLC in Hawaii? How much does it cost to form an LLC in Hawaii? The Hawaii Department of Commerce and Consumer Affairs Business Registration Division charges $50 to file the Articles of Organization. You can reserve your LLC name with the Hawaii Department of Commerce and … Read more

Does Indiana require an LLC to have a registered agent? Every LLC, both foreign and domestic, must have a Registered Agent with a registered office within the State of Indiana at all times. The Registered Agent can be a domestic or foreign (licensed to transact business in the state) artificial legal entity (Corporation, LLC, LP … Read more

How do I close a sole proprietorship LLC? To close their business account, a sole proprietor needs to send the IRS a letter that includes the complete legal name of their business, the EIN, the business address and the reason they wish to close their account. Read more on www.irs.gov For many business owners, closing … Read more

What is meant by trading name? Trading names are used by companies that do not wish to operate under their registered name, for instance where a trading name was previously used by a company (private incorporation) and a business does not want to confuse their customers by changing its name and brand. Read more on … Read more

What is the difference between legal name and DBA? DBA means “”doing business as.”” A DBA is any registered name that a business operates under that isn’t its legal business name. A DBA is sometimes called a trade name, fictitious name, or assumed name. A DBA isn’t a business structure and doesn’t provide any personal … Read more

What happens when a business is FTB suspended? If your business is suspended. Your business may be subject to a $2,000 penalty per tax year for failure to file missing tax returns within 60 days after receiving a written demand to do so. If your business cannot pay its taxes, we may make you personally … Read more

Can my wife be an employee of my S corp? As an S-Corp owner, you can elect to hire your spouse to perform certain duties for the company. Hiring and paying your spouse may increase potential fringe benefits and provide tax advantages.. Adding your spouse to payroll could increase potential fringe benefits. Read more on … Read more