Posts Tagged ‘Limited Liability Company’
Commonly Asked Questions About the Limited Liability Company (LLC)
Have LLC related questions? We have answers!
We get more questions each day about LLCs than about all other business types put together. Its no wonder, really, when you consider that the limited liability company is by far the most popular business structure in America. They have grown so much in popularity that they are probably 90% of our business.
If you have questions, we have added a brand new FAQ section in the LLC Education Center and it is a great place to start. Just follow this link to get answers to your questions: Questions about an LLC
Does Your LLC have an Operating Agreement Yet?
LLC Operating Agreement: Important or Waste of Time?
Sometimes I am still sometimes suprised and/or scared by the conversations I have with new business owners. Actually, I say new, but the truth is that it is often well established business owners who frighten me. I’m concerned by how many businesses use the limited liabilty company structure but don’t understand the signifigance of having an operating agreement.
I simply can’t stress enough how important an operating agreement is to an LLC. A limited liability company is a big step for any business, so why would you not take all of the steps you should to protect yourself?! If you don’t have an operating agreement yet, please look at this: LLC Operating Agreement, What is it and do I need it?
Questions About Your LLC and Taxes?
Understanding LLC Taxes
Understanding how taxes will impact you is a huge part of selecting a business structure for your new company. Double taxation, income taxes, property taxes,self employment taxes…you probably hear this all the time, but do these taxes affect you? How will they be different if you have an LLC or a Corporation?
We know this is a tough topic, but we try to simplify it in our LLC Education Center. Take a look here for a quick rundown: Limited Liability Company Taxes
LLC Education Center Launches!
Questions about an LLC?
Finally!
After mulling over the questions that we get most often, we compiled a series of questions and answers related to LLCs and put it in one place for you. Here is a quick link to the main index page: http://www.ezonlinefiling.com/llc-education-center-index.php
The idea is to give you the tools you need to fully understand what an LLC is (no, it’s not a limited liability corporation!) and how it can work for you. We cover taxes, operating agreements, comparisons to other business entity types and more.
If you are on this site, you are probably considering a new business entity and this section will help you understand an LLC better than anywhere else you can go.
California Should Focus on Business Incorporation Filings!
California's Budget Impacts Business Incorporation Filings
I just read a spirited article from Mark Thomas about how difficult the state is making business incorporation filing in California and if you are planning to file there, you should too. Mark lived in California for quite some time and speaks about the state with an obvious love. On topics from the weather to the people, he absolutely raves to anyone who will listen. When it comes to the government, however, his tune is not so positive.
Mark’s article outlines his belief that small business start ups are important to the economic recovery in California and his thought is that California is hurting itself by not making the business incorporation process easier, rather than harder. If you want to incorporate or form a limited liability company in California, this is a good read.
Click here for the article: Business Incorporation Filing in California