Posts by Becca Christman
Some business owners might think operating as an LLC is basically the same as being a sole proprietorship. In reality, though, incorporating your business as an LLC is the next step forward for an emerging entrepreneur, and the distinction will set you apart from your competition. The primary difference between these two structures is that […]
Though divorce can be a complex and costly process no matter where you live, getting divorced can look very different if you reside in what’s known as a “community property state.” Different states have different laws for how a couple’s assets get divided in the event of a divorce, and this is especially important for […]
Business insurance may seem like an added expense that isn’t absolutely necessary. This is usually a mindset found in those business owners who don’t understand the purpose and benefits of having insurance.
Does an LLC have stock & shareholders? An LLC is a special tax classification that allows a company to assign members, but an LLC does not issue stock.
Managing an LLC involves more than just being a member. One knows that an LLC is a simplified tax formation of a Corporation. This means that as an LLC member, you have some liability protection and less burden in terms of tax regulations. However, understanding how to form your LLC may require a quick explanation […]
Are Non-U.S. Residents Allowed to Own a Corporation or LLC? The short answer is “it depends”. Corporations are required to be owned by citizens or resident aliens. This is because an owner must reside in the jurisdiction, or have a physical presence, in order to be incorporated. This is to ensure that the business is […]
Forming a company is more than just incorporating with legal documents. There are six key steps to formation that all take time to follow through and complete. Each step has requirements of their own. You can read our blog post on how to form a company here. In the meantime, let’s glance at the length of […]
Business structures are not as complicated as they may seem. When incorporating your company, consider researching each type of business structure.
Here are the two main aspects of record keeping that LLC owners need to remember as they operate their businesses for better LLC protection.