Posts by Melissa Clark

Fictitious business name renewal companies could be a scam

Entrepreneurs forming an LLC and using a fictitious business name should watch out for disreputable companies offering to renew a business name filing for excessive fees. A Victorville, California, business owner thought twice before sending in the $125 fee to an official-looking company that threatened his LLCstatus would expire, reported the Victorville Daily Press. The California attorney general […]

Incorporating an LLC can save money on taxes

Entrepreneurs can avoid double taxation and lower their tax rates through incorporation, especially by forming an S corporation from their existing LLC or C corporation. Many LLC members pay a self employment tax that can be reduced to a lower payroll tax by forming an S corporation and allocating a small portion of profits for personal salaries, according to Wayne […]

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