Member Managed vs. Manager Managed LLCs. Which to choose? When forming an LLC, the question of member managed vs. manager managed often comes up. Recently my son went on his state website to start his own LLC. He down loaded the document and began answering the questions
LLC Tax Election-What is it? The LLC tax election tells the IRS how to tax your Limited Liability Company (LLC.) After the LLC was developed in the 1970’s, Congress did not define how it should be taxed. As a result, the Federal Government does not recognize the
Which state is best to file your LLC in? Forming an LLC requires a lot of choices. The first is probably which state to file your LLC in. The quick answer is that it is usually the easiest and least expensive to form an LLC in your
When you are starting a business, what do you do about business taxes? This is an important question because there is a strict tax law in the United States. The form of business you operate determines the different business taxes you will pay and how you pay.