Starting Your LLC
Find out how to start an LLC and learn state LLC requirements in our Starting an LLC section. Get the information you need to start an LLC fast and efficiently.
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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
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How to Obtain a Tax ID Number for an LLC
Be sure to meet your tax obligations as you move forward with your new LLC company.
· 2 min read
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How to Form an LLC for Cheap
An LLC is by no means the most expensive business structure out there, but if your startup costs are giving you panic attacks, you can take sensible measures to cut down on the expense of forming an LLC.
· 4 min read
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How to Change a Corporation to an LLC Without Dissolving the Corporation
If you want to change your corporation into an LLC, the traditional process is slow and complicated. But in many states, there's an easier, less-expensive way.
· 5 min read
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How to Add Capital Contributions to an LLC
Funding your LLC—whether at startup or later down the road—is easy: member contributions. But there's a harder part: keeping your records straight and fair.
· 4 min read
