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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 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 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.

Do you need to remove a member from your LLC? Here is a comprehensive guide on how to do so with the easiest and most efficient approach.Removing a member from LLC is a challenging task for every owner. When a member is leaving the LLC voluntarily then it’s an easy process but when the member is

How to Pay Yourself in an LLC LLC owners have different options of paying themselves but each one comes with some implications of taxes. Forming LLC is the best option to save oneself from liabilities and protect the personal assets.  There are two simple ways to pay yourself when you are related to any LLC. You have

Is a business license needed to form an LLC?  It is not necessary to have a license in order to start an LLC but the requirements may vary based on the location and nature of business. There are some important steps that LLC owners must take in order to properly establish a sound and strong LLC.  Can you have

Making The Decision – Member-Managed LLC Vs. Manager-Managed LLC LLC Officer Titles Explained Understanding LLC titles of owners can be confusing. Learn more about each type of title and discover which one might suit your business best today. When starting an LLC, it is important to understand the title designations that are specifically for LLCs. This makes it

LLC asset protection: How to protect your personal assets as an LLC owner Establishing an LLC can protect personal assets of the owners but in order to ensure the personal protection, it is important to take certain important steps.  Formation of an LLC is the first step towards security of personal assets, which people face when they are

Is a Partner in an LLC an Employee?     Normally a partner within an LLC is not considered an employee. However, the members who become employees of LLC through employment agreement then they can be considered employees as well as partners.  In a Limited Liability Company individuals officially and legally form a legal entity to conduct business activities. But

NIL: Setting Up an LLC and 501c3 for Student-Athletes Athletes in colleges can now take advantage of their likeness, name and image. One such shining example of profiting from a bright name, image and likeness is lacrosse champ Charlotte North. She capitalized her popularity as an athlete in college by creating LLC and filing for trademark of her brand.   Now