When you form a corporation or an LLC, you’ll be asked to name a registered agent. But what's a registered agent and what do you need to know to choose one?
LLCs can also elect to be taxed as S corporations (S corps) or C corporations (C corps). The S corporation tax status allows members to be taxed as employees of the business. This can reduce tax burden in certain circumstances. Visit our LLC vs. S Corp guide for more information....
As far as which to choose, we have that info here: LLC vs Corporation. Hope that helps! Reply Al June 27, 2018 Hi Matt, I recently opened an llc in NY, now im hearing its better if i file for s-corp tax status since i would need to pay ss and medicare tax on total net vs...
How much does it cost to start an LLC in California? How long does it take to get an LLC in California? Here are the steps to forming an LLC in California 1. Search your LLC Name 2. Choose a Registered Agent 3. File Articles of Organization with the Secretary of State 4. Create an...
A primary benefit of an S corp is self-employment tax savings. S corporation shareholders can work for the company and receive salaries, which incur payroll taxes. If an LLC is taxed as a sole proprietorship or partnership, its profits are subject to self-employment taxes. ...
Choosing the right LLC name is essential for success. Learn how to choose a business name that’s catchy, descriptive, and follows the rules while standing out.
LLCs are generally easier to form than a corporation, but there are some administrative and compliance tasks to be done. Although requirements can vary by state, these are the basic steps for setting up an LLC. Step 1: Choose a state in which to form your LLC ...
“The interesting thing about them is that the US has no tax code for them. LLCs need to choose how they want to be taxed.” An LLC’s owners can choose to be taxed as a C corporation or a pass-through entity. “As a pass-through entity, you’re required to file a tax ...
A simple guide to choosing between two important business entities. And it's not just for those choosing a business form but also for those seeking to convert to a different type of entity.doi:http://lccn.loc.gov/2006046796Mancuso Anthony...
2. Choose a Registered Agent The next step is to choose aRegistered Agent. AnLLC Registered Agentis a person or company who accepts legal documents and state notices on behalf of your Limited Liability Company. Note: In some states, Registered Agents are also called “Resident Agent” or “...