LIMITED LIABILITY COMPANY FAQs! There are many questions that face a business owner of a limited liability company (LLC). From formation to maintaining the business formalities with the Secretary of State and to paying taxes (both federal and state!) – there are too many questions to ask if you own a business. The issues are …
Do You Understand Business Tax Liability? It is important to understand business tax liability specially Federal & State Income Taxes for “Self-Employment”. A self-employed person earns a living by working for himself. But in a corporation, the self-employed person becomes both an owner & an employee. Federal And State Tax Federal income taxes are collected …
Are You Running A Business With Another Person? A business partnership is a legal relationship that is most often formed by a written agreement between two or more individuals or companies. The partners invest their money in the business. Each partner benefits from any profits and sustains part of any losses. If you want to …
Have You Considered Owning Your Home In An LLC? Technically, nothing is stopping you from using your residence in an LLC. But you must think twice before doing so. There are certain risks attached to using your residence as a business address. Evaluate them carefully before using your residence in an LLC. Keep in mind, …
Attention Business Owners: Statement Of Information All California LLCs have a requirement to submit a Statement of Information (SOI) with the Secretary of State. The SOI provides the State with all the updates of the company’s activities. In California, an SOI must file every 2 years. The first SOI however must be filed within 90 …
Business Law Tip: Limited Liability Company (LLC) Forming a Limited Liability Company (also known as an LLC) is not mandatory to start your business. There are other cheaper and easier options to choose from. However, if you are serious about your business, forming an LLC should be one of the first tasks on your agenda. …
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Open 24 Hours! Call 310.498.2750 Anytime! We Have Team Members Ready To Help You Now!
