Blogs: LLC and Business Formation

Business formation March 11, 2024

Changing Your LLC to an S Corp: What You Must Know Before Doing So

The shift from an LLC to an S corp can provide numerous advantages, such as increased flexibility, simplified management, and potential tax benefits. Comparing LLCs vs. S Corps An LLC combines a corporation’s limited liability protection with a partnership’s simplicity. LLCs can have one or multiple owners (members) and enjoy pass-through taxation, meaning that business […]


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Business Funding Tips March 8, 2024

Understanding Domestic LLCs in the US: What You Need to Know

Whether you are a seasoned owner or a budding entrepreneur, understanding the intricacies of an LLC can help you make informed decisions about how you do business. This article aims to fulfill this goal and help you determine if a domestic LLC makes perfect sense. What Is a Domestic LLC? As mentioned earlier, an LLC […]


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Business formation March 7, 2024

An Easy, Step-By-Step Guide to Moving an LLC to Another State

However, this process is not as simple as packing your bags and heading to a new location. You’ll need to consider several steps and processes to relocate your LLC. Step 1: Research the New State Each state has its own unique regulations, business environment, and tax structure that can significantly impact your LLC’s operations. Start […]


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Business formation March 5, 2024

Family Trusts vs. Living Trusts: Let’s Compare the Two

Family Trusts Also known as a revocable living trust, a family trust is created to hold and manage assets for the benefit of family members. It allows the grantor, the individual establishing the trust, to maintain control over their assets during their lifetime. Family trusts often involve spouses and children as beneficiaries, ensuring a seamless […]


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Finance March 4, 2024

Use This Guide for Issuing a 1099 Form to an LLC

If you have engaged in business transactions with an LLC and must report payments to them, you must understand the process of issuing a 1099 form. This article will show you when and how. Introduction to 1099 Forms The 1099 series is a set of documents used to report various types of income, including payments […]


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