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So you’re considering going into a company with someone else. That’s fantastic! A successful beginning in business could begin with forming a solid business alliance. However, before you get started, you need to be aware of a few things concerning the operation of business partnerships. This article will discuss the fundamentals of business partnerships, such…
Did you realize that there are various benefits to keeping your limited liability company in Louisiana? For instance, if your LLC doesn’t meet the requirements to be considered a foreign LLC, its net revenue will be liable to the franchise tax. This tax must be paid regardless of whether or not your company is profitable….
The legal structure that you select for your business can depend on a multitude of factors. There are unique tax, liability, and profit-sharing aspects to the various modes available to Connecticut business owners, and what you decide on will largely depend on your goals. If you are opting to form a corporation–which does make sense…
Can you tell me whether you’re thinking about starting a business? You’ll have to choose a legal form if that’s the case. The Limited Liability Company (LLC) is one choice among several (LLCs). However, what about the Limited Partnership (LP), another common choice? A common question is whether a Limited Liability Company or a Limited…
One of the main reasons many LLCs in Delaware convert to C Corporations is to attract venture investment. The funding comes from investment banks and rich investors. If you are trying to convert your LLC to a corporation, you might wonder how difficult the process is. Does converting Delaware LLC to C Corp involve a…
Deciding to form an LLC in Rhode Island requires that you be ready to make big significant decisions. Keep in mind that the decisions you make in the early stages can greatly affect your company. Are there pros and cons of creating an LLC in Rhode Island? Let’s explore here. Creating an LLC in Rhode…
Have you been thinking of starting your own business? Are you unsure of where to begin? In the vast landscape of American entrepreneurship, the dream of establishing a business empire is powerful. For those weary of working for others, the prospect of crafting a venture from scratch can be motivating indeed. The digital era has…
If you’re looking to start an accounting firm, then you’re probably wondering what’s the best alternative for the company. So, can an accounting firm be an LLP or LLC? Let’s find out. Can an Accounting Firm be an LLP or LLC? When it comes to deciding between an LLP and an LLC for your accounting…
When an LLP is formed, who files the initial paperwork? The answer is a little different than with other business entities. For example, forming an LLC or limited liability business is more straightforward. There are several ways to form an LLC, but the most common is submitting Articles of Organization. When an LLP was first…
If you’re running a business, one of the biggest challenges you’ll face is managing your paperwork. From incorporation papers to filing taxes, it can be difficult to navigate through all of these responsibilities. One solution to help you manage these tasks is to hire a registered agent or a corporate processing service. But if you’re…
