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Posts Tagged setting up an llc

LLC Creation Fast and Easy

Creating a LLC is often the first step people take when they want to “start a business.” A lot of time and money can be spent deciding what business entity to use. The choices are sole proprietor, partnership, limited partnership, corporation (C or S), and limited liability company (LLC).

The sole proprietorship is the easiest form of business for an individual to “set up.” There basically isn’t any set up. You just start doing business. You will file a schedule C with your 1040 form at the end of the year, and you may have to pay quarterly taxes, but that’s about all it takes. There is no liability protection for you operating as a sole proprietor.

The partnership is the easiest form of business for two or more individuals to “set up.” You just start doing business. Keep separate accounting for the business, and any profit or loss “passes through” to the tax returns of the individual partners based upon what they get allocated from the partnership.

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Setting Up an LLC A-Z

Setting up an LLC has a number of steps. You can get your documents off the LegalDoom websites, at your lawyer’s office, or off the state websites. Whatever you do, go all the way. Just getting a couple of documents will only get you half way there.

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How to Open a LLC Company

 Open a LLC Company Are you thinking to open a LLC company. You can open a LLC by yourself. Just be certain you have a complete organization. Don’t be fooled by the “quick and easy open LLC company in two easy steps” internet sites claiming that you […]

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How to Start a Limited Liability Company

The easiest thing to do to start a business is just start making money. If you’re acting alone, you’ll be considered by the law and the IRS as a sole proprietorship. If you’re acting with one or more other people, then you’ll be consider a partnership, unless you file papers with your state and the IRS to say you want to be a limited partnership, corporation, or an LLC.

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