Business Law

It can be difficult to decide to dissolve a company, but it is occasionally required. There are several procedures you must take if you own a limited liability corporation (LLC) in Colorado and are thinking about dissolving it. This article will explain how to dissolve a business in Colorado and provide answers to some often … Read more

What is a sole proprietorship Indiana? A sole proprietorship is the simplest business structure to form in Indiana, and it has only one owner-you. You don’t have to file any forms with your state, and can use your Social Security Number as your tax ID. Read more on www.wikihow.com A sole proprietorship is a type … Read more

Is a stock corporation an S Corp? Upon formation, all for-profit stock Corporations are General Corporations and by default they are classified by the IRS as a C-Corporation for tax purposes. Some business owners may wish to remain a C-Corp, while others may want to become an S-corp. Read more on www.incnow.com Choosing the appropriate … Read more

What is an Alabama series LLC? An Alabama series LLC (SLLC) is a limited liability company that includes what is referred to as a “”master”” or “”umbrella”” LLC and other LLCs that are separate from each other. Read more on www.sarahsshepard.com A series LLC is something to think about if you’re interested in forming a … Read more

What type of LLC is best? When an LLC will be formed with multiple members, a general partnership is the preferred structure. This means that all owners take responsibility for transactions, debts, and taxes from the business. Each member can also determine when assets are sold, and he or she pays taxes on his or … Read more

What does involuntary dissolution mean in Massachusetts? Involuntary Dissolution is also called Administrative Dissolution. When a company has been Involuntary Dissolved by the state that company cannot legally conduct business and may be breaking the law if it does conduct business. Read more on www.getincnow.com The process of shutting a limited liability corporation (LLC) that … Read more

How do I dissolve an LLC in South Dakota? How do you dissolve/terminate a South Dakota Limited Liability Company? To dissolve/terminate your domestic LLC in South Dakota, you must submit the completed Articles of Termination form to the South Dakota Secretary of State by mail or in person and in duplicate along with the filing … Read more

Can a multi-member LLC use a SSN? If you have a single-member LLC that will be taxed as a sole proprietorship and you do not have any employees, you will use your personal Social Security number for any tax filings. An EIN will be required for an LLC if any of the following apply: The … Read more

Should a single-member LLC be member managed or manager-managed? A manager-managed LLC is a good option for an LLC with several members, with some members who want to invest only and not be involved in any decision-making processes. The dedicated manager members do not need to get the approval of the investors to make decisions. … Read more

With the use of a special kind of limited liability company structure called a series LLC, business owners can divide their assets and liabilities into separate series. These series function like independent businesses, each with their own set of resources, earnings, costs, and profits. The fact that each series does not need to establish a … Read more