The formation of a corporation or limited liability company can help self-employed people lower their tax burden. There are few ways to completely sidestep having to pay self-employment tax. There are, however, three effective strategies you may apply to lessen your overall self-employment tax liability. As a self employed person, you get to set your own hours […]

Can I Form an LLC While Employed or Working at Another Job? Side Hustle from Home  One of the best ways to test the waters of entrepreneurship  or side hustle is to launch a side business in addition to maintaining regular employment. It’s a great method to bring in some extra cash when you need it. In

Home based Business Problems arise frequently for those who conduct their businesses out of their homes. Using one’s private residence as a publicly advertised place of business raises concerns about the individual’s privacy and safety. You may be asking yourself this very thing if you operate a home company or are thinking about doing so.

You have a few options to move your LLC to another state. The most straightforward way is to register the company as a foreign LLC under that state’s laws and regulations.  However, this method can make it more challenging to conduct business in other states where your LLLC isn’t registered. Options for Transferring an LLC to a Different State Keep your LLC as

Adding members to llc You are adding members to llc you just formed. The process is the same as when you formed it, except that you must file a revised certificate of formation State office with the Secretary of State. This is typically a very simple formality. What are LLC Members and What Does it Mean? The LLC members are the people

Can an LLC Own Another LLC?  Owning an LLC is a great way to expand your business, making it easy to separate personal and professional finances. But other ways to grow your business don’t involve setting up multiple companies.  You can also own LLC with multiple DBAs (Doing Business As), multiple DBA pros and cons, set up a series

Benefit of llc for rental property An LLC is a legal entity similar to a corporation in that it can provide limited liability and pass-through taxation, but it’s different from a corporation in other ways.  Once you create an LLC, you’ll need to choose what type of structure your business has. In some cases, this will be

Introduction Starting a new business is not easy. Being an owner of a Limited Liability Company (LLC) requires that you take care of many administrative tasks, such as filing LLC articles and preparing your operating agreement and other documents. However, in most cases, you will also need to file annual reports with the state where

Form 12: Your Complete Guide To Procedural Requirements & what is form llc 12 Unclear on how to correctly fill out Form 12? Our complete guide will show you how to handle procedural requirements efficiently and accurately. If you’re an entrepreneur, you’ve probably thought: What if I made a company that was just me? That is called

Hiring Employee  Introduction If you own a small company, you have  probably experienced some growing pains. It could be that you need more help or just too much work on your plate. Starting an employee can seem impossible, but it does not have to be! Here are a few things to consider before hiring your first team member: