Whether you’re moving because your home state lacks the consumer base needed for your business to thrive or because another state offers better incentives, relocating a business from one state to another is not as difficult as you may think and could be the best business decision you ever made. In fact, business owners have … Continue reading →
Tag: LLC
F.A.Q: How does an LLC work?
An LLC is one of the easiest business structures to form due to its minimal legal requirements. LLCs separate your business assets from personal assets to prevent your savings, home, retirement and other possessions from being targeted by a lawsuit against your business. Incorporating also creates tax flexibility, credibility and name protection for the business. … Continue reading →
F.A.Q: Why are LLCs popular?
LLCs are popular because they provide several valuable advantages: — LLCs can be governed informally. While corporation laws require management formalities (such as a BOD, meetings and quorums), LLCs are a lot more informal. — LLCs have greater flexibility in deciding how to split their financial interests. An LLC can distribute its income to each member … Continue reading →
F.A.Q: What is an LLC?
A limited liability company (LLC) is a fairly simple business structure. The main reason to form an LLC is to limit personal liability because LLCs have their own existence. The LLC owns the business—not the people forming it. LLCs enter into their own contracts and deals, can sue and be sued, and are liable for their own debts and obligations. … Continue reading →
5 Key Advantages of Incorporation
By default, most business owners select to structure their business as either a sole proprietorship (solo owner) or general partnership (multiple owners). These entities are the simplest to form, but there’s no distinction between the business and the business owner. In today’s ‘lawsuit-happy’ environment, it’s more important than ever to place a legal shield between … Continue reading →
