What is the difference between an LLC and an S-Corp? The question itself is a bad question. Because an LLC can be taxed multiple different ways. The real question is LLC (taxed in default status) vs LLC (taxed like an S-Corp). This guide will explain why your LLC isn’t an S-Corp as well as how your LLC will be taxed by the IRS.
There is no limit to the number of owners an LLC can have. An LLC can have as few as one owner, or as many as thousands. Whether an LLC is a one-owner or two-owner LLC will change how your LLC is taxed by the IRS.
Husband and wife LLCs are taxed differently depending on whether they are in community property states. Those in community property states may elect to be taxed as a Qualified Joint Venture LLC. This allows spouses to form a Single-Member LLC as co-owners instead of a Multi-Member LLC. It also allows them to file their LLC taxes as a Sole Proprietorship instead of as a Partnership.
Read more9 Community Property States for a Husband and Wife LLC
Founder Interview with Matt Horwitz of LLC University® Matt Horwitz, founder of LLC University®, was interviewed by Stephen Key of InventRight and also hosted a webinar with Andrew Krauss. What is an LLC and who should form an LLC for their business or invention? How do you form an LLC? What’s the best state to file an LLC in? Product licensing expert Stephen Key interviews Matt Horwitz, the founder of LLC University®. Matt and Stephen discuss the benefits of forming an LLC, such as personal liability protection and
Read moreFounder Interview with Matt Horwitz of LLC University®
What company is the best Registered Agent service for your LLC? We’ve worked with or reviewed every company in the industry. We think the best Registered Agent service should have great customer support and no upsells. It’s also a bit plus if they offer privacy for your LLC in order to keep your address off public records.
Where an LLC should be formed (or registered as a foreign LLC) comes down to where it is legally transacting business. Generally speaking, most Airbnb hosts will be doing business in their home state and in the state(s) where they are arbitraging properties.
There are 7 steps to starting a business in Texas. First, determine what name you want to use for your business. Then you’ll need to select a legal entity (like an LLC or Corporation) or operate as a Sole Proprietorship or Partnership. Once you determine that, you can then register your business with the Texas Secretary of State (SOS).
What is a Registered Agent called in each state? The term Registered Agent is used in 39 states plus the District of Columbia and Puerto Rico. A Registered Agent may also be referred to as a: Resident Agent Registered Office Statutory Agent Agent for Service of Process A Registered Agent is a person or company who agrees to receive legal mail (called “service of process”) on behalf of a legal entity (such as an LLC or Corporation) in case that entity is sued. Service of process can include complaints,
There are 7 steps to starting a business in Arizona. First, determine what name you want to use for your business. Then you’ll need to select a legal entity (like an LLC or Corporation) or operate as a Sole Proprietorship or Partnership. Once you determine that, you can then register your business with the Arizona Corporation Commission (AZCC).
An LLC can be used to run one business or an LLC can have multiples business activities. One advantage of multiple businesses under one LLC is lower costs, however, a disadvantage could be increased liability exposure by all activities taking place under one “roof”.