Business structure

Can I have multiple businesses under one LLC? Yes, you can have multiple businesses under one LLC, but there are other options to consider depending on your business scenario. Whether you are expanding your business, restructuring, or perhaps taking on an entirely different segment or focus area, there are different ways to structure your LLC. … Read more

Can a restaurant be a sole trader? Based on your needs, either a limited liability company, commonly called an LLC, or a sole proprietorship can be a rewarding business structure for your restaurant. Though they have many similarities, sole proprietorship restaurants and LLCs differ. Read more on smallbusiness.chron.com For many people who enjoy cooking and … Read more

When should I become an S corp? Personally, I think if your business is making more than $60,000 in profit every year, then you should look into forming an S corp. Keep in mind that we’re talking about taxable income, not gross revenue. Your gross revenue is all the money you make from your products … Read more

Is an LLC as corp or C-corp? LLC Versus C Corp: What Is It? An LLC is a business entity that is legally separate from its owners, who are known as “”members.”” An LLC can have one member or many members. A C Corporation refers to any corporation taxed separately from its owners. Read more … Read more

Can you freelance without LLC? If you do not form an LLC, it is still possible to do freelance work and earn money as a sole proprietor. However, being a sole proprietor might not be the best fit for your overall business needs and financial goals. You cannot build business credit, because you don’t have … Read more

What is the difference between self employed and sole proprietor? 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 What kind of business structure to adopt is one of … Read more

Should you make an LLC to sell on Etsy? In the eyes of the IRS, it DOES NOT MATTER if you register your Etsy Shop as Single Member LLC or not. If we have not set up an LLC, then we are considered a Sole Proprietorship. A Sole Proprietorship is STILL a business and can … Read more

Do you need an LLC for trucking company? Most small trucking companies and independent owner operators choose to register as an LLC, which stands for Limited Liability Corporation. An LLC works like a mix between a sole-proprietorship and a corporation. It is required to have owners as members, which, unlike a corporation, may be hard … Read more

Is C-corp for small business? In the U.S., a C corporation is the most common type of corporation and is considered the standard entity for small businesses and the default form of incorporation. C corporations are owned by shareholders who own portions of the company known as shares. Read more on www.upcounsel.com In the United … Read more

Is it better to have a single-member LLC or partnership? A single-member LLC is easier for tax purposes because no federal tax return is required, unless the business decides to be treated as a corporation for tax purposes. The income is reported on the member’s tax return. A multiple member LLC must file tax return, … Read more