Do I need to pay the $800 California FTB Fee for my LLC or Corporation? Start Your LLC Click Here Due to the fact that most LLCs and Corporations are “Pass-through” entities, it is mandatory for these business structures to pay a minimum of $800 per year to keep their organizations active. The Pass-through entities …
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DBA Vs LLC: What is the Difference between a DBA and an LLC? In the corporate market, two terms are frequently used- DBA and LLC. DBA is a Sole-Proprietorship commonly known as “Doing Business As.” It is the simplest form of business structure available to entrepreneurs or new business owners. A sole proprietorship is basically …
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How does Liability Protection work in an LLC? The term “LLC” signifies a Limited Liability Company, referring to a business structure similar to a corporation. Unlike its counterpart, this business structure is a simplified approach as it makes management easier for the business owner. Basically, an LLC is a business type that has extracted the …
What is the difference between an LLC and A S-Corp? We understand that choosing a business structure is an important step for someone starting their own business. With the vast amount of knowledge on the internet, it’s easy to get confused among all the technical terms. This post aims to simplify all of them and …
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What is an ITIN? Do I need one? ITIN is officially known as the Individual Taxpayer Identification Number, a unique identification number issued by the Internal Revenue Service (IRS). It is specifically designed for individuals who do not have and are not eligible to obtain a Social Security Number, but still need to comply with …
What Is a Seller’s Permit? Who Needs One & How to Get a Seller’s Permit! A Seller’s Permit authorizes you to collect sales tax on taxable transactions involving goods and services. When you sell a tangible item, the state government requires you to add sales tax to the retail purchase price of your goods and …
What Is a Seller’s Permit? Who Needs One & How to Get a Seller’s Permit! Read More »
What is an EIN? Why does my Business need it? An Employer Identification Number (EIN), a unique nine-digit number issued by the Internal Revenue Service (IRS), is a fundamental piece of your business’s identity. This number allows your business to conduct financial transactions and is as vital to your company as a Social Security Number …
Difference between an LLC and a Business License? Starting a business can be complex, especially when it comes to navigating legal requirements. Two terms that often cause confusion for new entrepreneurs are “Limited Liability Company (LLC)” and “Business License.” A business license is not the same as registering an LLC. They both have separate purposes and …
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Should I Form my LLC in Delaware? Or should I form my LLC in the state That I live in? Deciding where to form your Limited Liability Company (LLC) is an important consideration when starting a business. Among the multiple choices, Delaware is often seen as a favorable state for LLC formation due to its business-friendly environment …
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The Role of a Registered Agent in Business Formation and Compliance As a business owner, you have likely encountered a wide range of legal requirements and regulations that you must abide by. From tax compliance to liability protection, it is important to understand the various components that make up the legal framework of your business. …
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