Converting an LLC to Delaware C-corp


Should I convert my LLC to a Delaware C-corp? Maybe you formed as an LLC instead of a Corporation so you could enjoy the tax advantages of a pass-through entity. The post Converting an LLC to Delaware C-corp appeared first on Gust.

LLC Costs and Fees You Need to Know as a Small Business Owner

Up and Running

A limited liability company (LLC) is a popular business structure for small businesses thanks to its ease of operations, tax advantages, and liability protection for its owners. But forming and maintaining an LLC comes with costs. LLC formation costs. Other LLC costs.

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Should You Choose An LLC Or Sole Proprietorship?

The Startup Magazine

An LLC is vastly different than a sole proprietorship, for instance, and picking the wrong business model could result in market failure later on down the line. Should you choose an LLC or a sole proprietorship? The post Should You Choose An LLC Or Sole Proprietorship?

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3 Reasons to consider forming your business as an LLC

Our Own Start-up

Here are three reasons that you should stick to forming your business as an LLC over other entity options. Startups business as an LLC forming your business as an LLC set up your small business start your own business

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How To Start An LLC


For those considering taking their businesses to an official level, here are some helpful tips for how to start an LLC. What Is an LLC? An LLC is a type of legal structure for a business. Like other business structures, the LLC status dictates how a company will be taxed, as well as who will be responsible for its liabilities. According to Incorporate , benefits of making your business an LLC include: Avoiding double taxation. Naming Your LLC.

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How Can A Non-resident Of California Set Up An LLC?

The Startup Magazine

You might think, as a non-resident of California, that it would be harder for you to set up an LLC. Wondered how a Nevada LLC obtained a small minority membership interest in a Delaware LLC that owns and operates numerous shopping malls in California?

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How to Convert Your Business to an LLC

The Startup Magazine

This would lead them into choosing ownership between a sole proprietorship status and a limited liabilities company or LLC status. From the looks of it, converting your business into an LLC is more practical than to consider it a sole proprietorship. To begin with, you are provided with greater tax flexibility with an LLC since they are not subjected to federal income tax. Once done, you can proceed to publish a notice announcing the creation of an LLC.

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How Much Does it Cost to Form an LLC? A Guide For Startups

The Startup Magazine

Forming an LLC in the United States might be perceived as a long, complicated or expensive process. In this guide, we will discuss the different ways you can set up an LLC and the costs involved. What Are Your Options for LLC Formation? Set up an LLC by yourself.

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3 Things Every Entrepreneur Must Do Before Starting An LLC


There are plenty of things you can and should do before starting your Limited Liability Company (LLC), but here are three big recommendations to keep in mind. So before you start your LLC, scrape up as much money as you can. But the process can be more complicated when you find out there are rules when it comes to naming your LLC. Your LLC’s name is just one key factor in the checklist of forming a business. by Dustin Ray of Incfile.

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The Pros And Cons Of Forming An LLC


When you launch a business, you’ll probably consider the option of forming an LLC. A limited liability corporation (LLC) is one of the simplest business structures , designed for startups that have few employees. If you’re considering forming an LLC for your startup, you’ll want to know the best and worst aspects of taking that course. Though an LLC is one of the most affordable ways to incorporate a business, it’s not free. Con: No Wages for LLC Members.

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What you need to know before setting up an LLC in Texas

The Startup Magazine

When it comes to business formation, forming a limited liability corporation (LLC), particularly an LLC in Texas , can be done in as few simple steps. Besides the first step, naming the LLC, here’s a list of things that will prove important to know while forming an LLC in Texas.

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Corporation or LLC? Business Organizations for Tech Startups.


In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). When an LLC allocates income to owners (i.e. splitting profits), those allocations are taxed as personal income (for regular people) and corporate income (for corporations), but not as income for the LLC itself. This can also vary as you grow and as some owners pull back from managing the LLC. The ownership structure of an LLC is a blank slate.

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The Anonymous LLC: Pursuing Privacy in the Information Age

YFS Magazine

The Anonymous LLC is a readily-accessible tool available to protect it. The digital age has diminished privacy. Editor Picks Plan business entity editor picks limited liability company recommended starting a business

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How to Start a Real Estate LLC – What You Need to Know

The Startup Magazine

For a real estate entrepreneur, a Limited Liability Company (LLC) is a great way to protect your personal property from seizure due to liability claims. Before you start your real estate LLC , you need to put these 8 things into consideration: Source: Pixabay. It’s preferable for you to register your real estate LLC in the area where you intend to operate because it makes filing your returns easier. This agreement is drafted in the presence of all LLC members.

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A Guide to Crafting Your LLC Operating Agreement

Up and Running

An operating agreement is the document that sets the rules for your LLC. In this article, we’ll talk about how to create your own LLC operating agreement, what you should include, and where you’ll need to keep it when you’ve made one. Should I have an operating agreement for my LLC? Although some states don’t legally require you to have an operating agreement, you really shouldn’t run an LLC without one. LLC operating agreements cover a lot of very important topics.

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Investing In Real Estate: Should I Form An LLC?

YFS Magazine

It is important for investors to understand the characteristics of an LLC to determine the best practice in structuring each investment. Finance Grow investing limited liability company LLC money real estate investing

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LLC vs. S Corp: What’s The Best Setup For Your Startup?


This means considering LLC vs. S Corp. An LLC combines many of the characteristics of a corporation, a partnership and a sole proprietorship. The limited liability that defines LLCs is what makes them similar to corporations, while flow-through taxation to LLC members is a feature of partnerships. Advantages of an LLC. Owners of an LLC can also decide to be taxed as a sole proprietorship, partnership, or corporation , All Business points out. by Tricia Hussung.

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WiseCrest LLC on The Benefits of Startup Investing

The Startup Magazine

Industries, like clean energy or cannabis, hold promising futures and many companies in these sectors, like WiseCrest LLC allow investors to make investment decisions with a group of investors. Likewise, companies, like WiseCrest LLC that invest in up-and-coming industries, like cannabis, couldn’t have existed in years past. The post WiseCrest LLC on The Benefits of Startup Investing appeared first on The Startup Magazine.

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[Interview] Dr. Chuck Bamford, Author, Educator, And Founder Of Bamford Associates, LLC


I started my strategy consulting business (Bamford Associates, LLC) on a full-time basis almost seven years ago. The post [Interview] Dr. Chuck Bamford, Author, Educator, And Founder Of Bamford Associates, LLC appeared first on Young Upstarts. Chuck Bamford is a business strategy expert, providing battle-tested methods for executives to put winning strategy in place in their own organizations and to stand out in their own industries.

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What Type of Business Structure is Right for a SaaS, AI or IoT Company?


But what if a tech startup uses the LLC structure? In essence, forming LLC positions you to attract investors. Unless the LLC itself specifies otherwise, the company’s profits and losses are passed to members (owners and investors) in proportion to their contribution to the company.

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How to Start an LLC in 7 Simple Steps (2022)


Start your LLC in 7 easy steps: 1. Pick a business name, 2, designate a registered agent, 3. File Articles of Organization, 4. Create an operating agreement, 5. Obtain an EIN, 6. Open a business bank account, 7. Register to do business in other states.

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How To Choose The Best Legal Structure For Your Business

The Startup Magazine

The limited liability partnership or LLC was created to enable owners to get the protections that corporations enjoy while still collecting income and paying taxes as an individual.

How To Choose A Legal Structure For Your Business

The Startup Magazine

State statutes allow the formation of a limited liability company (LLC). Limited Liability Company (LLC). An LLC is permitted under state statute. So, if you want to know what regulations apply to your LLC, you will have to check with your state.

Small Business Saturday Spotlight: Social Media Management, LLC

Up and Running

Based in Phoenix, AZ, Social Media Management, LLC uses social media to connect local companies with local clients. They are offering free initial consultations to all business owners for Small Business Saturday. For more information visit their Facebook page: Business Management PR and Communications Sales and Marketing Starting a Business

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What Type of Business Structure is Right for a SaaS, AI or IoT Company?


But what if a tech startup uses the LLC structure? In essence, forming LLC positions you to attract investors. Unless the LLC itself specifies otherwise, the company’s profits and losses are passed to members (owners and investors) in proportion to their contribution to the company.

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Small Business Saturday Spotlight: Mike the Gardener Enterprises, LLC

Up and Running

Appropriately located in the Garden State of New Jersey, Mike the Gardener Enterprises offers a seeds of the month club, gardening tips, and many other tools to help anyone become a master home gardener. For Small Business Saturday shoppers, Mike the Gardener Enterprises will be offering 70 percent off any membership to their famous Seeds of the Month club. Just enter the promotional code: HOLIDAY at checkout. Business Planning

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8 Key Rules for Starting a Business on a Shoestring

Startup Professionals Musings

A limited liability corporation (LLC) can be formed in most states for less than $100 directly through the Internet without legal assistance. entrepreneur LLC shoestring budget startup

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How a DBA May Help Take Your Business to The Next Level

The Startup Magazine

It is an option available to both formal (LLC) and informal business structures. Unlike the expensive registering for an LLC, registering a DBA is considered reasonable. There seem to be never-ending decisions to make when operating a business. Simplifying it all is key.

What It Takes to Start a Real Estate Brokerage

The Startup Magazine

Brokerage seeking entrepreneurs can choose one of the five legal business structures: sole proprietorship, partnership, C Corporation, S corporation, or limited liability company (LLC). Starting a real estate brokerage is every realtor’s dream, but what does it look like in reality?

Tax Concerns for Startups: Common Mistakes to Watch Out For

The Startup Magazine

To avoid personal liability on account of business-related debts to both creditors and the IRS, an LLC or a C-corporation would be the ideal structure. Neglecting Form 8832 as an LLC.

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Startups & Legal Concerns- How Businesses Can Be Prepared For The Worst

The Startup Magazine

The first legal challenge for any startup founder is to define an appropriate business structure, whether you want to establish as a sole proprietorship, General Partnership, LLC, C-Corporation, or S-Corporation.

How to Minimize the Red Tape and Taxes of a Startup

Startup Professionals Musings

If you aren’t so sure, need something fast, or need to keep your costs low, then an LLC is the best legal and taxable entity to facilitate your startup. The alternatives include a sole proprietorship, LLC (Limited Liability Company), S-Corp (Subchapter-S Corporation), or C-Corp (US Corporation). For example, an LLC with two or more members (even husband and wife) will default to a partnership for tax purposes, and report income through Schedule K-1.

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Infographic: What the Heck is an LLC?


The kind folks at Intuit have posted this infographic on their blog this week that describes what a limited liability corporation is and how it stacks up to other kinds of corporate entities. It couldn't come at a better time for my family, as my wife is considering expanding her own business and wants to investigate her options. LLCs are great if you want to limit the amount of bookkeeping you have to do and if you don't mind paying self-employment taxes.

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8 Reasons To Incorporate Your New Company Early

Startup Professionals Musings

It’s very easy and inexpensive to set up online a Limited Liability Company (LLC) for the startup, which will allow you to track business costs, cash and taxes correctly -- no matter what happens. An LLC will work just fine for this, but if you know enough to anticipate more than 100 investors or special classes of stock, I recommend incorporating as a Delaware or Nevada C-Corp or S-Corp. C-Corp incorporate LLC new business S-Corp startup

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Rusty Tweed Explains How to Structure a Business

The Startup Magazine

Meaning, one will enjoy the profit-sharing days but not be a victim of any irresponsible behavior coming from others within the LLC. Entrepreneurship Legal insight Corporation incorporation initial public offering liability limited liability company LLC member Partnership Rusty Tweed Sole proprietorshipPrior to the commencement of any large entrepreneurial project, one must go through the rigorous process of setting their business up.

Reasons to Use a Registered Agent Service

The Startup Magazine

If you are trying to form an LLC or another form of corporate registration, then you know what a registered agent is. Additionally, registered agent services make it possible to form an LLC in a different state or have a presence in multiple states. This will ensure you remain updated on all LLC requirements. If you are creating an LLC with your business, this is definitely something you should keep in mind.

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Analyst Cam: CRM Watchlist  

deal architect

This time it is Paul Greenberg, Managing Principal, The 56 Group, LLC. As we have moved to virtual briefings, I have increasingly been excerpting short video segments (with permission) as part of my Analyst Cam series. He summarizes the results.

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Colorado Small Business Legal Checklist

The Startup Magazine

These can include: LLC (Limited Liability Company): An LLC is a legal entity for sole proprietors that gives a business entity a tax identification number and the ability to open a business bank account separately from a personal bank account. Legal insight business license C Corporation Colorado Employment federal permit Insurance LLC regulation S Corporation Small Business Sole proprietorship succession lawyer taxes trademark zoning

Incorporating Your Business: Tips to Follow

The Startup Magazine

In this sense, you have the choice between a limited liability company or LLC, or a C-Corporation. Going the LLC route, you are not obliged to pay corporate taxes; instead, you will be governed by a pass-through taxation system. If you want to grow your business and achieve added protection for all your assets, incorporating is the way to go.

3 Tips for Keeping Your Business in Compliance With the State

Up and Running

Filing your new business as an LLC or a corporation is a smart decision for a number of reasons; it enables you to save on taxes and protect your personal assets, and it gives your business a sense of professionalism, to name a few. It’s now your responsibility as a business owner to make sure that your LLC or corporation stays compliant with state rules and regulations. Some states, like California, legally require businesses to attach an LLC, L.L.C.,

Popcornflix iPhone and iPad Apps For Free Movies On The Go


“We developed these iPhone and iPad apps to be state-of-the-art, easy and fun to use,” says Gary Delfiner, senior vice president of Digital Distribution for Screen Media Ventures, LLC, the parent company of Popcornflix. Ideaspotting iOS mobile application movie industry movie streaming online streaming Popcornflix Roku Screen Media LLCForget all the controversy over how technology is today allegedly infringing on intellectual property rights of the movie industry.

The Complete Guide to Registering Your Business Name

Up and Running

To register your business name this way, you’ll need to register your business structure, such as a limited liability company (LLC) or a limited partnership (LP), a corporation, or a nonprofit. Registering your LLC or LP: The rules governing LLCs and LPs will vary state to state, so be sure to check your specific state regulations. When registering an LLC, for example, your business name must include a term such as “L.L.C.,” “limited company,” or similar in the title.

4 Tax Filing Tips for New Startups

Up and Running

How should I tax my LLC? Plan your LLC tax structure. As stated on the IRS’s website , an LLC can be classified and taxed as a sole proprietorship (single member), partnership (multi member), or a corporation (single or multi member) for federal tax purposes. Accounting Law and Taxes business corporation Deborah Sweeney deductions filing taxes LLC MyCorporation small business tax advice sole proprietorship tax advice Taxes

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