Management structure:LLC members (owners) can manage the LLC or elect a management group to do so. When an LLC is managed by members (a “member-managed” management structure), the owners oversee daily business operations. When managed by appointed managers (a “manager-managed” manageme...
Hi Matt. Just applied for a new EIN for my LLC and forgot to add LLC to the name. Is this a big deal and what can I do? Reply Matt Horwitz January 27, 2020 Hi Adriana, you’ll want the EIN to properly reflect the LLC and its full legal name. It’s an easy fix though. Ju...
If you're unsure whether or not you should form an LLC – and where to begin – here's a primer on getting started.
Follow these steps to start an LLC: 1. Name your LLC Now that you’ve decided you want to form an LLC, it’s time to bring your dream to life with its own name — and yes, it must be unique. When naming your LLC, you must choose something completely different from any other limi...
Everything you need to learn how to start an LLC in South Carolina and set up your business in the Palmetto State.
Running a UX audit can uncover hidden obstacles on your site. At WPBeginner, we routinely audit our sites to stay ahead and connect better with our users, and we’ll show you how to do the same. Don’t worry, though, you don’t need to be a tech wizard to do it!
LLCs are taxed differently depending on the number of members, profit-sharing agreements, sweat equity terms, etc. For the average single-member LLC owner, you canpay yourself a drawthat passes through to your personal tax return. Once youform an LLC, this is the simplest way to file. ...
Even if it’s possible for you, don’t expect it to be easy. I received feedback from one reader named Sean who shared his experience with me: “After trying a number of different bank branches, always pretending it was my first try, a China Construction bank allowed me to open an ac...
Is it better to start a corporation or LLC for my small business?A corporation is a complex legal business entity that is run by a board of directors and owned by shareholders. Small business owners will only benefit from starting a corporation if they rely on outside investors or need to...
Can I endorse a check made out to my LLC with just my signature?No, you must include the LLC's name and your title to indicate you are signing on behalf of the company. What happens if I mix personal and business funds when depositing checks?Mixing funds may result in the loss of ...