If you’re looking to start corporation or have been operating as a sole proprietor, you’ve probably been wondering if you should start corporation or form a limited liability company. The answer is yes. There are many advantages to forming an LLC or corporation such as asset protection, tax savings, and limiting your personal liability. But … Continue reading →
The Importance of a Certificate of Good Standing
Issued by the Secretary of State, a certificate of good standing is a document that confirms your company is authorized to do business in that particular state. It proves that your business is compliant when it comes to filing an annual report, as well as paying franchise taxes and state fees. You don’t always need … Continue reading →
What is a Series LLC and Do I Need One?
A Series LLC is a unique form of the Limited Liability Company (LLC) entity in which the articles of formation specifically allow for unlimited segregation of membership interests, assets, and operations into independent Series. Each Series operates like a separate entity with a unique name, bank account, and separate books and records. Many business owners … Continue reading →
How to Open a Restaurant: A Step-by-Step Guide
If you love food and running a small business, opening a restaurant may be a great career choice for you. However, before the fun of becoming a first-time restaurateur actually begins, there is a great deal of planning to do. And while this may sound overwhelming, it doesn’t have to be. The best thing you … Continue reading →
Does Your Business Need a “Doing Business As” or “DBA”?
Registering for a “Doing Business As” or a “DBA” allows businesses to transact business under a fictitious business name or trade name—instead of using a personal name. Simply put, DBAs allow businesses to operate under any chosen name. The most common example of a DBA is when a sole proprietor or a general partnership chooses to … Continue reading →
