Uncategorized

Do you need to file a DBA for your business?  DBA is the abbreviation for Doing Business As. In other words, it is a fictitious business name that your business can have. For example, it can be a trading name. The concept of DBA provides extra protection to consumers. For example, it can prevent unscrupulous business owners […]

Business Structure | Business Structure Types | Structure LLC Are you too late to change your business structure?  When you are starting a new business, you need to pick the right business structure from the first day. However, there are situations where you will notice that you are not adhering to the right business structure after some

Limited liability of a company At the time of starting a new company you need to have a clear understanding of how to register it. This will determine the way how you manage your company in the long run as well. Most small business owners out there are keen to operate their companies under a sole proprietorship. That is because it

Can you reduce your taxes by going for an LLC?  llc tax classification One of the main reasons why you should be starting your business as an LLC is to provide extra protection to your personal assets from business liabilities. For example, if your business is sued for its bad debts, you can make sure

What Sole Proprietorship means to a business A step-by-step guide to changing sole proprietorship LLC  Most people start their small businesses as sole proprietorships. When managing a sole proprietorship, you do not need to file any official paperwork with your state. However, you will need to formalize your business as you scale it along with time. In other words,

Operating agreement for llc template below: Should you modify the LLC operating agreement?  Every LLC should have an up-to-date operating agreement. Even though it is not required by the law in any state, you will be able to use the operating agreement to ensure proper management of your LLC in the future. In fact, the operating agreement

Do freelancers need to set up LLCs?  Freelancing is one of the most common ways of making money now. You can work as a freelance full-time or just accept some gigs part-time. No matter what, you might come across the need to figure out whether you should be setting up your business as an LLC or

C Corp vs S Corp vs LLC or LLC vs C Corp vs S Corp Compliance Definition  Most small business owners out there establish LLCs (Limited Liability Companies) or incorporate with others to experience the benefit of minimizing personal liability on the business. If things go wrong, you can make sure that your personal money is not sued. However,

Form LLC A few or all of the processes listed below may be unnecessary in the state in which your limited liability company will be formed. More specific information on how to make LLC legally may be obtained from your state’s department of commerce. 1. Choose a Business Name Take some time to consider what you want

7 causes of failure in small business |Why Business Fail  Business is a buzzword in the capitalist market of today and no business came without the risk of failure. Where there is a business there must be some chances of its downfall associated with it too. A business can’t be made failure proof but you