Limited Liability Companies

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The Amazing Benefits of Limited Liability Companies

LLCs, or limited liability companies, are one of the most flexible business entities. They allow you to choose how to distribute the profits, decide who manages the business's day-to-day affairs, and decide [more…]

Giving Your Limited Liability Company a Great Name

You can't expect to pick a great name for your LLC (limited liability company) out of thin air. Creativity is best served when subject to a few helpful restrictions. The following are a few naming rules [more…]

Reviewing Tax Types for Limited Liability Companies

Because LLCs (limited liability companies) are allowed to elect pretty much any tax status that suits them, the federal returns, information statements, and notices that they are required to file each [more…]

Limited Liability Companies For Dummies Cheat Sheet

Individuals are now, more than ever, realizing the power of the limited liability company (LLC). If you’re like many people, you probably understand that an LLC can benefit you in one way or another; you [more…]

Changing the Name of Your Limited Liability Company

Assuming your limited liability company (LLC) isn't operating in multiple states, changing the name of your LLC is usually a fairly easy process. However, there are a few things to consider. [more…]

4 Reasons Why a Single Member LLC Needs an Operating Agreement

An operating agreement is a contract that controls how an LLC (limited liability company) operates and how the members interact with the LLC. You might think that as a sole owner of a company that no operating [more…]

Understanding Limited Liability Company Tax Distributions

If your limited liability company (LLC) elects a form of pass-through taxation — for example, partnership taxation, s-corporation taxation, or a single-member LLC electing [more…]

How Limited Liability Companies Can Help with Estate Planning

LLCs (limited liability companies) are the perfect tool for planning an estate. Planning your estate is sort of like shooting at a moving target — you can't plan for a future that you are unsure of. Nothing [more…]

10 Things to Avoid Doing with an LLC

LLCs (limited liability companies) are pretty powerful entities that you can do some pretty amazing things with. But you know how the old saying goes: [more…]

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