Fact checked for accuracy by Janet Berry-Johnson, CPA. Thousands of start-up businesses across the United States have formed limited liability companies, otherwise known as “LLCs,” mainly because of the advantages that come with creating one. One of the many questions we get often is: Can one form an LLC anonymously? The short answer is yes. …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. When forming your company’s business structure as a limited liability company (LLC), you must consider how you will designate the management structure. Options include utilizing a manager or using your members to manage your company. You should also …
Fact checked for accuracy by Janet Berry-Johnson, CPA. Choosing the business entity that works best for your situation is a big decision, and it might seem even more intimidating if you don’t know the details involved with creating an LLC. Is a limited liability company structure the right selection? Or, would another type of business …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. Have you heard that you need an LLC organizer to help with keeping your limited liability company running smoothly? Most likely, you’ve heard about other popular LLC roles such as a manager, member, and owner. The organizer role …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. Understanding the role of a member when considering an LLC as your business structure is vital. Various responsibilities and roles exist depending on how many members you work with inside the business. If you’re operating a single-member LLC, …
Fact checked for accuracy by Janet Berry-Johnson, CPA. If you’ve heard about the need to set up a new business entity, then it’s likely you’ve heard about limited liability. Someone may have mentioned it at a conference, for instance, and told you that it’s important to protect your personal assets in case your business ever …
Fact checked for accuracy by Janet Berry-Johnson, CPA. When entrepreneurs start their businesses, one of the first crucial decisions they must make is how to incorporate their new company. It can be an overwhelming first step with many options, including C corporation, S corporation, LLC, PLLC, and more. LLCs (Limited Liability Companies) are one of …
Fact checked for accuracy by Janet Berry-Johnson, CPA. You’ll hear about the corporate veil when setting up a business entity for your entrepreneurial endeavor. The corporate veil is one of the main reasons business owners set up a limited liability company (LLC). Doing business in any industry opens up the possibility for risk: What happens …
Fact checked for accuracy by Janet Berry-Johnson, CPA. Employer Identification Numbers, or EINs, are essential for tax identification and record-keeping for companies operating in the United States. This guide will discuss what these are, when you might need them, how to get them, and related matters. What is an EIN? An EIN is a nine-digit …
Fact checked for accuracy by Billie Anne Grigg, a bookkeeper and Mastery Level Certified Profit First Professional. Trying to make sure you start your next business on the right foot? Different business structures can be really confusing to figure out, including whether you go with an LLC or partnership setup. Read on to learn about …
