Business structure

Can you have an S-Corp with no employees? An S corporation may have no employees in the traditional sense of a person who works for the business but has no ownership stake. However, for tax purposes, any shareholder who performs duties for the business may be treated as a shareholder-employee. Read more on smallbusiness.chron.com The … Read more

Google is also switching status from a corporation to a limited liability company (LLC) – to reflect the new structure which sandboxes each business unit as a separate legal silo under the Alphabet parent. Read more on techcrunch.com The LLC (Limited Liability Company) is not Google. Being a publicly listed firm, it has issued shares … Read more

Can therapists BE LLC in California? Q: Can I form a limited liability company (L.L.C.) to provide psychotherapy services? A: No. Licensed professionals, including LMFTs, are not permitted in California to form an L.L.C. to render professional services. The law specifically excludes licensed professionals from doing so. Read more on www.camft.org Therapists can indeed be … Read more

Why sole proprietorship is the best form of business? Sole proprietorship businesses typically require less paperwork and are easier to maintain than partnerships or corporations. The business owner is responsible for the debts and liabilities, and the accounting and record keeping methods are usually simple and straightforward. Read more on smallbusiness.chron.com The owner of a … Read more

Do you put LLC in your business name? When to Use “”LLC”” in Your Business Name. You should always include “”LLC”” on all invoices, contracts, leases, legal records, tax returns, letterheads and other purposes. In most states, it is required to add “”LLC”” to your business name when forming your business, filing for an EIN … Read more

Is self employed and sole proprietorship the same? Yes, a sole proprietor is self-employed because they do not have an employer or work as an employee. Owning and operating your own business classifies you as a self-employed business owner. Read more on www.indeed.com There are numerous options available when it comes to structuring a firm. … Read more

Should I make my record label a LLC? Is an LLC good for a record label? Yes. An LLC will give you personal liability protection against potential business risks as well as give your record label more tax options and credibility. It is relatively inexpensive and simple to form and maintain an LLC. Read more … Read more

What is needed for a sole proprietorship? No formal action is required to form a sole proprietorship. If you are the only owner, this status automatically comes from your business activities. In fact, you may already own one without knowing it. If you are a freelance graphic designer, for example, you are a sole proprietor. … Read more

Why would a company go from Inc to LLC? One common reason for changing a corporation to an LLC is to avoid double taxation. A corporation faces double taxation because the income it earns is taxed first within its hands, and then a second time in the hands of its shareholders. Read more on www.legalzoom.com … Read more

Is it better to have multiple businesses under one LLC? An Increase in Potential Risk. The advantage of an LLC is the limited liability it affords its owners. When you run two separate businesses under two separate LLCs, the assets and income of each individual company is also protected from any liability risk which might … Read more