LLP Vs. LLC – What’s the Difference?

After coming up with a great idea, one of the first major (and sometimes confusing) steps is deciding on what type of business structure to pick.  This decision can be difficult, as there are several different business structures to choose from, each with its own advantages and disadvantages. Here, we will review the Limited Liability […]

Can You Change Your LLC Name?

Can You Change Your LLC Name? One of the first things many business owners do when starting their business is to register a business name.  But sometimes that choice isn’t as good as it sounded at first. Or perhaps the business has changed and the name doesn’t reflect what it does. Whatever the situation, you […]

How To Fill Out Form W-9 For An LLC

How To Fill Out Form W-9 For An LLC You probably made it here because a company you are working with requested a filled-out IRS Form W-9.  You’re in luck because completing this form is quick and easy to do and we will show you how! We will answer what the W-9 form is, how […]

What is an LLC Membership Certificate?

What is an LLC Membership Certificate? An LLC membership certificate, also referred to as an LLC membership interest certificate or LLC member certificate, is a document that proves an individual’s ownership of a Limited Liability Company. Similar to issuing stock certificates to the shareholders of a corporation, a membership certificate can be issued to LLC members […]

Single-Member LLC Operating Agreement

Single-Member LLC Operating Agreement What Is a Single-Member LLC Operating Agreement? The Operating Agreement is a document created by the member of a Limited Liability Company (LLC) to provide a framework of how the entity will operate. Most states do not require a single-member LLC to have an Operating Agreement but are still worth considering because without […]

What Are The Benefits Of An LLC?

What Are The Benefits Of An LLC? What Is an LLC? An LLC, or Limited Liability Company, is a type of business structure that can combine the perks of a corporation with the flexibility of a sole proprietorship.  If you have been searching for more information about what an LLC is, you have likely seen […]

What Does LLC Mean at the End of a Company Name?

What Does LLC Mean at the End of a Company Name? If you’ve ever wondered what that “LLC” at the end of some company names stands for, wonder no more! LLC stands for Limited Liability Company. This type of business structure is a popular choice for small businesses and entrepreneurs because it offers personal asset […]

S Corp Vs C Corp – How Do You Choose?

What Does it Mean to Elect a Tax Status? When starting a business there are many questions from new small business owners is around how the business is taxed.  Starting a sole proprietorship or partnership provides no options on how the business entity is taxed, however forming a Limited Liability Company or corporation provides additional […]

How is an LLC Taxed?

An LLC, or a Limited Liability Company, is a popular business structure for small business owners for a few good reasons: separation of the member’s personal assets from the assets of the business, personal liability protection, and avoiding double-taxation (income being taxed at both the corporate and personal levels).[1] An LLC also comes with some tax […]

What is a Multi-Member LLC?

As the term “multi-member” implies, a multi-member LLC is an entity with several individuals that act as co-owners. Multi-member LLCs are treated differently than single-person LLCs in many situations, such as when filing taxes.  In this article, we’ll walk you through a crash course on what it means to be a multi-member LLC, the benefits […]