LLC OWNERSHIP LLC Ownership has many advantages, but should be set up properly. Recently a student asked me about whether a corporation should be the holding company (daddy corporation) for all of their real estate investment LLCs. I would love to hear your comments. Use the box […]
Read more →Do I Need an LLC Lawyer? Cards Mobile Payments Do I need an LLC lawyer is easy to answer. When you compare an LLC, or Limited Liability Company, to a sole proprietorship or a corporation, it has many advantages: limited liability, great tax advantages, and that it […]
Read more →Your LLC is a business vehicle. It should get you asset protection, tax benefits, and business protection. You get your articles of organization filed (some people call the operating agreement an “LLC company agreement”), and technically you have an LLC.
Read more →Single member LLCs and multi member LLCs give you basically the same “corporate shield” that a corporation will. By the way, the corporate protection is exactly, identically, the same in either an S corporation or a C corporation.
Read more →Do you want to “LLC Yourself “or are you wondering how to open a LLC company. I am happy to tell you. You can do it yourself. It is easy open LLC company by filing your Article of Organizations with your state and paying the fees. In fact, most states have a set of “fill in the blank” Articles of Organization available on the state website. Sounds easy, doesn’t it?
Read more →LLC Partnerships or Partnership LLCs are misnomers. Technically an LLC (Limited Liability Company) is a company, not a partnership. While there are some similarities between a partnership and an LLC, it is important to recognize that LLCs and partnerships are two different types of business entities.
Read more →LLC set up fees are dictated by the state where you are forming your LLC. In some states the LLC fees are a little as $12 and others, like California and New Jersey, the LLC fee runs nearly $1,000. There may also be some state requirements that you should ask about when you file. For instance, New York requires that you advertise in each of the big three newspapers. That adds an extra step to your LLC registration.
Read more →In my 30 years as a lawyer, I’ve seen people pay LLC start up costs ranging from $50 to $25,000. The average LLC fee is about $750 today. That’s what the run of the mill boiler plate lawyer will charge.
Read more →Your LLC should have a membership ledger and membership certificates, just like a corporation needs a stock ledger and stock certificates. When money is transferred into the LLC, an entry needs to be made in the ledger and a membership certificate needs to be issued.
Read more →LLC and DBA stand for the words “Limited Liability Company” and “Doing Business As.” It is a legal requirement that the name of a business is the same as the person or entity who owns it. So if you own an unincorporated small business, its name for legal purposes is your name. Like wise if your unincorporated business is a partnership, the legal name should be the last names of the partners. For corporations or limited liability companies (LLCs), the legal name should be the one that the entity is registered under with the state government.
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