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Business formation August 13, 2014

LLC Basics

A limited liability company, also called an LLC, is a hybrid entity, bringing together some of the best features of partnerships and corporations. LLCs were created to provide business owners with the liability protection that corporations enjoy without the double taxation. If the LLC chooses to be taxed as a partnership, the earnings and losses […]

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Business formation July 9, 2014

Is It Time to Incorporate?

If you’re like most small business owners, you probably started your operation as a sole proprietorship. This company structure is the simplest and least costly to set up, with less paperwork required. However, sole proprietorships are not separate legal entities from their owners. You report your share of the company’s earnings on your personal income […]

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Business formation June 4, 2014

Corporate Resolution LLC: How It Works and Why It’s Important

While not always required, Corporate Resolutions are valuable because they indicate that the actions were taken by, and on behalf of, the corporation. What Is a Corporate Resolution LLC? A corporate resolution LLC is a legal document that outlines the decisions and actions taken by an LLC’s members or managers. It is a formal record […]

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Business formation May 28, 2014

Articles of Amendment

If you need to make a change to your corporation or LLC, the typical way to do so, would be to file Articles of Amendment. The filing of Articles of Amendment can change the following information: Name and address of the registered agent, principal office address, names and addresses of directors or members, description of […]

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Business formation May 21, 2014

Corporate Bylaws

Corporate Bylaws are the internal formalities of keeping your corporation active. It is a legal document that defines a corporation’s purpose, how it will run its affairs, and the duties and responsibilities of people who own and manage it. When you incorporate, you sketch out some of these concepts in your Articles of Incorporation, but […]

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