LLC Help Guides

In situations where you have multiple business ventures, it might make sense to create a pyramid of several businesses instead of having many separate entities with no connection to each other. Under that structure you may have one large holding company, and each independent venture is a distinct entity on its own. For example, Walt Disney Company o...

Using a limited liability company for a rental property business is one of the better decisions you could make. If you rent property in your name, you could be held liable if someone gets hurt. However, if someone falls and decides to sue the landlord, and your LLC is the landlord, then the person suing may only go after the LLC's assets—not your pe...

An LLC, or Limited Liability Company, is a business entity that is separate and apart from its owner(s). It offers asset protection and a less complicated tax and formal structure than a corporation. Small businesses and individuals often use......

When many people first launch their business, they often start out as a sole proprietorship or a partnership. Sometimes the decision to use this type of structure is one of convenience—it is much easier to set up a sole proprietorship compared......

When setting up a business, you do not need to incorporate as a corporation if you do not want to have all of the formalities associated with a corporation. However, you are still able to benefit from most of the protections of a corporation......

Congratulations! If you have recently organized your business as a Limited Liability Company (LLC), you have taken the first step to becoming a proud business owner. Forming an LLC involves registering your company with the state, filing an......

Once you have decided to set up your Limited Liability Company (LLC), it is advisable to create an LLC operating agreement. This enables you to structure your working and financial relationships with any joint owners that are best suited to......

When you are in the beginning stages of your business, one of the biggest decisions that you have to make is the type of business structure you should form. There are many options available, but for many new business owners the decision comes......

Limited liability corporations (LLCs) are a relative newcomer to the tax code. They were first approved for use in 1977 when the state of Wyoming requested the formation of a business that could be managed and taxed like a partnership but......

There are numerous things to think about when starting a business—one of them being the structure your business will operate under. Some entrepreneurs elect to use a pass-through entity to avoid higher taxes commonly found with corporations.......