How to Set Up Divisions in an LLC     LLC owners always think of expanding their business through addition of new divisions. There are more risks in adding division to the business then the expected advantages.  When your business is growing you will think of adding more divisions to properly expand it across states, towns and counties. […]

How to Issue a 1099 to an LLC You must submit a federal form 1099 to the Internal Revenue Service if your company pays an LLC more than $600 per year in rent, business services, or independent contractors. This is what is needed. On federal income tax forms, every business owner is required to declare revenue and expenses. Your company may need to

How to Operate an LLC Under a Personal Name It is fascinating for most of the LLC owners to name their LLC after their name so that they can grow their personal brand. But this personalization of the name of LLC to the name of an owner can limit the overall growth of business and can confuse the customers also.  When Nina Berenato added

How to Form a Single-Member LLC (SMLLC) Ownership of a business or LLC as a single member can protect the owner from liabilities of LLC obligations. Here is what you need to know about single-member LLC ownership, its pros and how to set it up,   Single member LLC ownership doesn’t mean it has a to operate as a sole proprietorship. By

How to Buy an LLC     A new entrepreneur may find it difficult to establish an LLC from scratch. Another option is to buy an existing limited liability company. Before purchasing an LLC, you should conduct thorough research to ensure that you understand what you’re getting and how much it should cost.  You’ll also need written agreements that detail every aspect

How to Change a Corporation to an LLC Without Dissolving the Corporation  The conventional procedure is cumbersome and slow if you wish to convert your corporation into an LLC. However, there is an easier, less expensive option in many states. The shareholders of a corporation occasionally debate converting the corporation to a limited liability company, albeit this may

Recordkeeping for LLCs: What Do You Need to Save? Record keeping is an important part of operating LLCs, which also differs from one state to another state. There are several important steps that you must keep in mind in order to properly keep a record of your LLC. You might have heard people saying that the record keeping requirements

How to Add Capital Contributions to an LLC   A limited liability company, or LLC structure, is a popular form of business structure that’s used by many entrepreneurs and startup companies. As an entrepreneur or small business owner, you may be wondering about funding your LLC. Funding for an LLC can come from a number of sources, with capital contributions from members being one of the

How Do I Create an LLC Subsidiary? Adding a subsidiary to an existing limited liability company can be a good way to expand or grow it. An LLC subsidiary can be a great way to organize your company. The subsidiary allows your LLC to expand and grow while remaining organized in the same way as the parent company. What Is a Subsidiary?  An

How Do I Transfer Title of a Property From a Person to an LLC?    You could reduce your personal liability for claims or litigation regarding the property by transferring your real estate interests to an LLC. It’s normal practice for owners of real estate lused as an investment or rental to create a limited liability company (LLC) and transfer ownership of the