START Archives - Page 4 of 5

How to change the ownership of my LLC? Things to know and how to do!

How do I update the ownership of my LLC? The requirements for transferring ownership interest in an LLC differ slightly based on the state of formation, but generally involve a resolution indicating the transfer of interest, amending the operating agreement, a purchase agreement, and in some states, filing an updated annual report or statement of …

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Company Registration in USA for Non Residents: Countries with Banking Issues

Company Registration in USA for Non Residents: Banking Issues

Business Registration, START

Company Registration in USA for Non Residents: Countries with Banking Issues Opening a business bank account in the USA can be challenging for non-resident owners. Many banks require physical visits and specific identification documents, such as a passport. BusinessRocket specializes in this process and works with various banks to facilitate it. However, it’s essential …

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What is the BOI Report? How do I submit it?

Business Registration, MANAGE, START

What is the BOI Report? How do I submit it The BOI Report is the latest beneficial ownership information report being administered by the Federal government, specifically the Financial Crimes Enforcement Network (“FinCEN”). All newly registered and currently operating businesses in the US are obliged to file this report. A small number of companies are …

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Do I need to pay the $800 California FTB Fee for my LLC or Corporation?

Business Registration, Corporation, LLC, START

Do I need to pay the $800 California FTB Fee for my LLC or Corporation? 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 are inclusive of companies that …

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DBA Vs LLC: What is the Difference between a DBA and an LLC?

Business Registration, LLC, START

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?

Business Registration, LLC, START

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 …

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What is the Difference between an S-Corp and a LLC?

What is the difference between an LLC and A S-Corp? Understand the real difference

Business Registration, Corporation, LLC, START

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?

Business Registration, Corporation, DBA, LLC, Non Porfit, Partnership, Sole-Proprietorship, START, Tax

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 …

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What Is a Seller’s Permit? Who Needs One & How to Get a Seller’s Permit!

Business Registration, Corporation, DBA, GET, LLC, Non Porfit, Partnership, Sole-Proprietorship, START

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 …

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What is an EIN Why does my Business need it

Corporation, DBA, LLC, Non Porfit, Partnership, Sole-Proprietorship, START

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 …

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