SP here, county registered DBA and all the local licenses. I would have went SP anyway (Just make sure you have good insurance and follow rules as if you were LLC) BUT here in California it is $800.00 annual for LLC organization
I'm the one who isn't super risky or likes the idea of being sued...and am now wishing I'd have formed an LLC instead of a Sole Prop....but...it's fine, everything is fine (insert Ross from Friends Meme here)
How does the ‘’member’ of the llc access the profits from the Llc? For a small landscaping business would you (I know you can’t recommend blanket statements) but in general
Just started LLC with $500 initial member contribuition. If I end up with $500 net income end of year, is that taxable, or does the member contribution offset that? Did more research, looks like it may be recorded as equity and offset unless I took out distributions during the year which would negate that initial contribution. Sound right?
I am leasing my truck on to a trucking company running under their name. They said to send them my ein number. when i apply for an ein it ask for my business name 'llc' . i don't have a business name just need the ein. Is it possible to get an ein without a business name? and what to i mark in the box that ask for the business name? thanks
Thanks Attorney Durham
SP here, county registered DBA and all the local licenses. I would have went SP anyway (Just make sure you have good insurance and follow rules as if you were LLC) BUT here in California it is $800.00 annual for LLC organization
Thank you, attorney Durham !
I'm the one who isn't super risky or likes the idea of being sued...and am now wishing I'd have formed an LLC instead of a Sole Prop....but...it's fine, everything is fine (insert Ross from Friends Meme here)
🤣 it is fine! I got you, girl!
Excellent content. Congratulations and Thank you
What's the point of having LLC if you can still be sued personally when your LLC doesn't have enough money ?
Fr
How does the ‘’member’ of the llc access the profits from the Llc? For a small landscaping business would you (I know you can’t recommend blanket statements) but in general
Just started LLC with $500 initial member contribuition. If I end up with $500 net income end of year, is that taxable, or does the member contribution offset that? Did more research, looks like it may be recorded as equity and offset unless I took out distributions during the year which would negate that initial contribution. Sound right?
If you formed an 2 person LLC and changed it to an SCorp? Is it possible to change it back to just a LLC taxed as a partnership?
good content
A+
I am leasing my truck on to a trucking company running under their name. They said to send them my ein number. when i apply for an ein it ask for my business name 'llc' . i don't have a business name just need the ein. Is it possible to get an ein without a business name? and what to i mark in the box that ask for the business name? thanks
Go to the irs website
👍🏾
her vocal fry kills me
How should I structure the bank accounts being a carpenter contractor home remodeler, a general contractor? I'm located in Pennsylvania