What is an LLC Entity Classification?

I don’t understand what an LLC entity classification is and how to get it? NS When you file an LLC you can choose to elect how your new business will be classified for tax purposes.  If your LLC has two or more members you can choose to be classified as either a corporation or a […]

How to Pick a Company Name

Setting up a business is always a hassle.  One of the biggest issues is what to call your business.  Often the name means the difference between success and failure. 1-800-CONTACTS started as a college senior project for a business school student.  He got the right 800 number and then he named the company the same […]

Taxing LLC as S Corporation

If you are doing an S corporation, the trust has to be a “special form” of living revocable trust. The trusts in the Accumulation and Preservation of Wealth Course are sub S qualified trusts, because of their wording.