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Self Employment Taxes -What are the rates?

The median personal marginal federal tax rate was 10 percent in 2008. Only 4.1 percent of the self-employed were in the marginal tax bracket of 33 percent or more.

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Business Start Up – Finding Your Way Through the Maze

In the maze of business start-up many get trapped. More than 50% of small businesses fail with in five years of formation. The correct legal foundation could make all the difference in your business.

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LLC Holding Company

Usually it is easiest and least expensive to form your LLC in your own state. You can act as your own agent and most states have made their LLC law competitive. You do need a registered agent for your LLC.

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Add A Member to An LLC

Can I Add a Member to an LLC? I want to add a member to an LLC. Can I do it and how can I do it? The answer to the question is, yes you can, but how to do it will depend on your LLC Operating […]

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Different Answers from Attorney?

Different Answers from Attorney? Different Answers from Attorney? Why Does Each Attorney Give Me A Different Answer? Have you ever gone to one attorney and got one answer, them approached another attorney for a second opinion only to get a different answer? Often this leaves you more […]

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How Do I Protect Homes, Cash & Rentals?

How do I protect homes and other entities? What paperwork do I need to protect my assets such as houses, cash and some rentals? Dan, Connecticut How do I protect homes, bank accounts, rentals  and other entities from lawsuits?  It is not difficult.   However it is important […]

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Registered Agent – Who Should I Pick?

Who should be the registered agent for my LLC? The registered agent is an important choice that must be made when forming anLLC or limited liability company.  The person you choose to be your registered agent is responsible for all the legal and tax documents that come […]

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Roth IRA or Standard IRA What the advantage?

Roth IRA or Standard IRA Roth IRA or Standard IRA which should you get?  The never ending debate has always been between a standard IRA and a Roth IRA. With a Roth IRA, the money you put in gets taxed when you put it in.  This means […]

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Single or Multi-Member LLC?

There is one slight advantage to a single member LLC. If you are the sole owner of the entity (single member LLC) you can choose to be taxed as a sole proprietor or corporation (C or S). If you are willing to be taxed as a “sole proprietorship,” then you don’t need to get an EIN. You will still operate as an LLC, but it will be a “disregarded entity” in the eyes of the IRS.

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How To Protect High Income, Bonuses & Dividends

How can you protect your assets ahead of time? There are certain questions you need to consider. How risky is your business? Are you a detail person? Do you have a family? What state are you living in? It is always a good idea to hold your home in your own name for tax reasons.

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