Who should be the registered agent for my LLC? The registered agent is an important choice that must be made when forming anLLC or limited liability company. The person you choose to be your registered agent is responsible for all the legal and tax documents that come […]
Read more →There is one slight advantage to a single member LLC. If you are the sole owner of the entity (single member LLC) you can choose to be taxed as a sole proprietor or corporation (C or S). If you are willing to be taxed as a “sole proprietorship,” then you don’t need to get an EIN. You will still operate as an LLC, but it will be a “disregarded entity” in the eyes of the IRS.
Read more →How can you protect your assets ahead of time? There are certain questions you need to consider. How risky is your business? Are you a detail person? Do you have a family? What state are you living in? It is always a good idea to hold your home in your own name for tax reasons.
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Asset Protection Which State Which Entity In building a bullet-proof asset protection plan, which state is the best to file a limited liability entity, Wyoming or Nevada? and which entity would be the most effective, an LLC, LP, “S” Corp or a “C” Corp, and what would […]
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If you are doing an S corporation, the trust has to be a “special form” of living revocable trust. The trusts in the Accumulation and Preservation of Wealth Course are sub S qualified trusts, because of their wording.
Read more →Beginning a business doesn’t have to cost much money. You can fill out and file the forms you need by yourself. Just be certain you take the time to be educated about the business form you use and why. I am bullish on the LLC.
Read more →Issuing Membership Certificates For an LLC Issuing membership certificates is one of the issues that seemed to be of particular interest at the boot camp we held last March. Issuing membership certificates is the way ownership is represented in the LLC. It is similar to “stock” held […]
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.
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