Business Law Articles

An LLC annual report is an overview of key facts about a limited liability company (LLC) reported to the state where the LLC is registered concerning the company's activities throughout the preceding year.

While similar, there are critical differences between a sole proprietorship and a single-member LLC, from liability protection to tax implications and more.

Yes, an LLC may have two or more members which is known as a multi-member LLC.

While C-Corps are double taxed, Shareholders of S corporations and LLCs report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.

The benefits of an LLC electing S Corp taxation are avoiding paying self-employment tax on your pass-through profits and double taxation for the income.

A limited liability partnership and a limited liability company (LLC) are similar because all partners are has limited liability protection. A limited partnership is managed by one or more general partners who control the day-to-day operations of the business. An LLC is managed by the managers.

Learn low costs or free methods to promote your business online and off with live events, emails, Google, and social media.

A manager-managed LLC places business management in the hands of a professional manager that the members elect. In a member-managed LLC, one or more owners manage the company.     

A virtual address for an LLC must be in the state where you registered the business.

Learn all the steps an LLC member needs to do to dissolve an LLC, including voting, paying creditors, liquidating assets, filing taxes, allocating assets, and filing dissolution documents.