LLC
Read up on the many advantages related to launching a limited liability company (LLC).
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What Is the Owner of an LLC Called?
You aren’t required to use any particular title, but you do need to make sure that the title you choose is appropriate and doesn’t mislead anyone.
· 3 min read
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What Is an LLC and How Does It Work?
An LLC offers great advantages to a budding business. From personal protection, flexible pass-through profit distribution and so much more!
· 4 min read
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What Facebook’s CEO Mark Zuckerberg’s Donation Teaches Us About LLCs
Facebook founder and CEO Mark Zuckerberg pledged to give away 99 percent of his wealth. However, instead of allocating it to charity, he decided to start an LLC. Why didn’t he just donate it?
· 3 min read
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What Does It Mean to Be an LLC?
An LLC formation limits your personal liability and legally separates you from your business.
· 4 min read
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The Basics of LLC Guaranteed Payments
LLC members can receive either profit-sharing distributions or a nonsalary payment known as guaranteed income.
· 3 min read
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Piercing the Corporate Veil: Understanding the Limits of LLC Protection
An LLC protects your personal finances from the business' creditors, but that protection can disappear if you don't follow certain rules. Find out how and when the corporate veil can be pierced and what it could mean for you.
· 3 min read
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NIL: Setting Up an LLC and 501(c)(3) for Student-Athletes
College athletes can now profit from their name, image, and likeness. Here's how lacrosse champ Charlotte North has capitalized on the policy by creating LLCs and filing for trademarks for her brand.
· 5 min read
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Is It Time to Convert Your Sole Proprietorship to a Corporation or LLC?
One of the biggest issues a small business owner must face is whether to incorporate and if so, when.
· 3 min read
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Is a Partner in an LLC an Employee?
A partner in an LLC is generally not considered an employee, but members can be employees through an employment agreement that lists them as providing services to the LLC in exchange for compensation.
· 3 min read
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How to Set Up Divisions in an LLC
While adding a division to your LLC is an easy way to expand your lines of business, the risks associated with setting up divisions may outweigh the advantages.
· 5 min read
