Choose a business structure: This depends on how you run your store. Common options are “Sole Proprietorship” (you’re the sole owner), “LLC” (offers some liability protection), or “C-Corporation” (more complex structure). Talking to an accountant or lawyer can help you choose. Regist...
General partners are personally liable for the business, including the actions of the other partners. If liability protection is important to you, consider whether a limited liability company (LLC), corporation, limited partnership (LP), or limited liability partnership (LLP) might be better for yo...
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If you have completed the above steps, you now have a registered California LLC. If your LLC has more than one member, you will need to get an Employer Identification Number, commonly called an EIN, from the IRS, even if you don't have employees. You can apply for the EIN yourself di...
+Who should elect S Corporation status? +What are the S Corporation formalities? +What documents must I complete with the IRS? +What are the general shareholder requirements? +Can I lose S Corporation status? Let us help you elect S Corporation tax status. ...
Obtain an EIN from the IRS: Most LLCs are required to obtain an EIN—or Employer Identification Number—from the IRS, which is used to identify your business for tax purposes. Even if you don’t plan to have employees, most LLCs are still required to obtain an EIN. Fulfill other tax ...
An S-corp, or S-corporation, is not a type of business structure but rather a tax designation that you can elect for your business. You can choose to have your LLC (or even a corporation) taxed as an S-corp by filing a specific form with the IRS—Form 2553. This election can poten...
For certain types of businesses, registering as an LLC is vital. An LLC, or a “limited liability company,” is the title that allows a person to do business as a separate entity from their person. This ensures that you can never lose more money than you put into the business, and as...
Even with doola’s services, which can get you an LLC, company phone number, company address (cannot be a PO box), AND an EIN for your business PayPal account; by not being a U.S. citizen you are automatically excluded from many of the perks of a business account because they are on...
Complete abusiness plan. Consider the benefits and disadvantages of the available legal structure of your business entity could operate under and select the form of business that is best for you. Your options includesole proprietorship;partnership;limited liability corporation (LLC);C Corporation; orS...