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LLC vs. PC Solo Practice
Whether you're a doctor, a lawyer, an architect, or an engineer, embarking on a solo professional practice can fulfill a lifelong dream. Before you…
Do I Need to Pay Taxes if I Do Not Make Revenue As a Sole Proprietor?
If you're a sole proprietor and your business isn't yet profitable, you may wonder whether you need to file an income tax return. But you may owe…
How Do I Remove an Individual From an LLC?
Although an LLC is easy to set up and run, removing one of the other members from the company can be difficult. Here's how to go about it.
Can an LLC Have Only 1 Member?
An LLC can have many members—or only one—and it's a popular choice for many entrepreneurs. However, the protections it provides are sometimes weaker…
How to Transfer My Interest in an LLC
Transferring your interest in an LLC doesn't have to be complicated, as long as you know and follow the rules. Follow these guidelines if you want to…
How to Register an LLC in New York
Every state has its own rules about setting up an LLC, and New York is no exception. Find out more about registering a new LLC in the state of New…
Distributions to LLC Members vs. Dividends
LLCs and corporate dividends are sometimes viewed as the same. However, there are some significant differences. Read on to find out what they are.
How a Nonprofit Can Set Up a Scholarship
Many nonprofit organizations offer scholarships to students from the communities they serve. If your nonprofit wishes to join them, here's what you…
What Happens to an LLC When a Member Dies?
There are different situations about what can happen when an LLC member dies. Understanding the operating agreement, as well as the rights of…
Can I Name My Wife as LLC Registered Agent?
Your LLC's registered agent accepts legal documents on the company's behalf and passes them on to management. Legally, your wife (or your husband)…