Does Sole Proprietorship Need an EIN Number?
A sole proprietorship is the simplest and most common forms of business. But while this business structure is easier to form, you still need to comply with the licensing, zoning, and local requirements and regulations of your state. While searching for the prerequisites of forming a sole proprietorship, you might often come across something known […]
Continue readingWhat is an EIN Number? How to Apply For One
Starting a new business can be an overwhelming experience. But now that your business is finally registered as an LLC, corporation or partnership, the next important step is to get an EIN. Employee Identification Number or EIN is a nine-digit number which the Internal Revenue Service (IRS) assigns to your business. In this post, I’ll […]
Continue readingShould You Create An LLC For Your Rental Property – Pros & Cons
Are you planning to create an LLC for your rental property? Are you sure about the decision or are you just following the herd? In the past, the only option for real estate investors looking for limited liability protection was to form a corporation for acquiring title. But for real estate property owners, the business […]
Continue readingCan I Be My Own Registered Agent?
If your small business is ready for the next step, you might find yourself browsing through articles and blogs on how to form an LLC or corporation. Out of all the other prerequisites to form an LLC or to incorporate, one of the most important ones is having a registered agent. A registered agent can […]
Continue readingWhat is a Registered Agent?
Are you planning to form a corporation or a limited liability company? Want to know about these businesses structures in as much detail as possible? While researching about how to form a corporation or an LLC on the internet, you will often come across the term ‘registered agent’. Who is this registered agent? What is […]
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How to Change Your Sole Proprietorship to LLC?
So, you’ve finally realized that it’s time to turn your side hobby into a legal business entity? Or perhaps, you’ve realized that your personal assets are at high risk with Sole Proprietorship? Maybe a new client only wants to deal with a business entity like an LLC? Well, there can be several reasons for you […]
Continue readingForeign LLC Vs Domestic LLC – What’s the Difference
LLC or Limited Liability Company is an excellent option for small businesses. Personal asset protection, operating flexibility, and tax benefits are some of the reasons why enterprises prefer the LLC structure. To start an LLC, you’re first required to register it in your state. But what if you want to do business in multiple states? […]
Continue readingWhat Are Articles of Organization?
If you’re planning to form an LLC, you might have surely heard about Articles of Organization. It is only after filing this document that your LLC gets legally registered in your state. But what are Articles of Organization? What all does it include? Who files it? How to file it? Find answers to all of […]
Continue readingWhat is a Certificate of Organization?
All set to form a Limited Liability Company? Have all the information regarding the documents you’ll need for forming an LLC, like the Articles of Organization and Operating Agreement? What about the Certificate of Organization? Some of the states in the US now require you to file a new document known as Certificate of Organization […]
Continue readingWhat is an LLC? Is it Best suited for your Business?
You might already have a lot on your mind if you are planning to start a new company. But two things that deserve special attention are reducing personal risk and saving taxes. What if there was a considerably simple way of achieving these goals? Creating an LLC is an excellent way to protect your personal […]
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