Posts Tagged ‘Form an LLC’
What Online Incorporation Services Don’t Want You To Know
I suppose every industry has trade secrets and no doubt they each guard them very carefully. Often, these secrets deal with the truth about products and services they are trying to sell you. Wouldn’t it be nice if the companies you deal with would be honest about whether you need their service or not? When was the last time you spoke with a sales person who said, “You know, I would love to sell you product X, but here’s a way you can do it cheaper by yourself”? That’s exactly what I’m about to do.
Here is the truth…You don’t need to use an incorporation service to help you with an LLC formation or with incorporating a business!!
I have worked for online incorporation services for some time. In fact, I am in the sales side of the business and I help people when they want to form an LLC or assist them with their business incorporations every day. So why would I jeopardize my job to blow the whistle on a secret that the whole industry guards so closely? The truth is, I wouldn’t. I have a family to feed and bills to pay just like everyone else, but I have been very fortunate to find an opportunity with a company that doesn’t just let me tell you this…they encourage it! We are taught to always do what is best for the customer, even if that means we talk ourselves out of a sale. Does that mean we don’t help customers with their business formations? Absolutely not. Instead, we focus on customers who can benefit from the expertise we have to make the process easier or better for them.
Here is what I mean. Some customers who come to us have formed several companies and are familiar with the Articles of Organization, Operating Agreements, Federal Tax ID’s, etc. They think we can provide some additional magic touch they cannot provide if they do the paperwork themselves. This type of person may not be the customer we are looking for and we help them understand their options so they will be happy with the outcome. On the other hand, we regularly speak with customers who have never been through an LLC formation or they have never tried incorporating a business and don’t know how to write an Operating Agreement. Guess what? An online incorporation service like ours may be just what they need. For this customer, we can take out the guess work and make the whole process more comfortable and more accurate, with fewer chances for mistakes. We also work well with customers who want to spend their time focused on other aspects of starting their company. The point is, you should know your options. Speak to people you trust about what might be best for you in your specific case. An online incorporation service might be perfect for you, but you just might be better off on your own.
Want to learn more about your options? Read this article that spells out exactly what they are and who should consider each one. Ready to Form an LLC or Incorporate a Business? Here are Your Options.
Think an online incorporation service sounds right for you? Click on this link to learn more about what they can do for you.
How to form an LLC or Incorporate a Business Online
by: Scott Weddle
My LLC and Taxes
It was such a beautiful day outside and I spent it indoors doing taxes. Usually I am pretty good about getting them done early. I thought about it many times but most nights after Abby goes to bed the thought of doing something that requires much brain power just doesn’t seem like a good idea.
As I worked on them earlier this year, it got me thinking about what taxes would be like if I followed through with my idea to form an LLC. The thought of doing two separate tax returns if I create an LLC just seemed daunting. After a little research I am finding that it may not be as bad as I first thought. When you form an LLC the IRS considers it a “pass through” entity not its own separate tax entity like a corporation. As the business owner, all the profits and losses would “pass through” to me and be reported on my personal tax returns. As the sole owner of my LLC, I would report all profits (or losses) on Schedule C and submit with my 1040 tax return.
Could it really be so easy?
Oh wait Self Employment taxes. Something to consider when you form an LLC, you are no longer someone’s employee. I no longer have Social Security and Medicare deducted from my paycheck. Lucky me, I would pay these taxes directly to the IRS.
The bottom line is this, starting an LLC and taxes don’t have to be scary, just get a good tax guy!
by: Jade Roberts
My New LLC
Hello everyone! I am so excited to be a part of the team at EZonlineFiling.com. When I decided to use them to help start my own business, I had no idea it would head in this direction, but now that it has, I couldn’t wait to make my first post.
Recently, I was surfing the net looking for information on how to form an LLC. I found some real interesting facts about starting an LLC. But, before I tell you what I found, let me give you a little background on why I was looking. Like millions of others, in the last year, I found myself hit by corporate downsizing. But I got downsized with a twist or should I say a bump, my baby bump. I was 9 months pregnant. In fact, my last day on the job was the day I went into labor. What can I say; I like to go out with a bang! So now I have a new boss, my beautiful baby girl Abby. It’s been during these precious months with Abby I decided, I had spent enough time growing someone else’s brand. It’s time to grow my own. I’m not really sure what that means yet but I am on a mission to learn all I can about being a small business owner and perhaps even starting an LLC. First, I learned that an LLC is less formal and can be more flexible than a corporation but can provide many of the same benefits and protection. Interestingly, over 1 million people form an LLC every year and the number of LLCs created has grown 100% in the past year. Now, I’m not really sure what the future holds for me yet or if starting an LLC is right for me. But, in between those precious moments of diaper duty and first steps I am going to learn all I can. Knowledge is key and I’ll be sure to pass it on. Enough for now…the boss is calling!!
by: Jade Roberts