Source The operating agreement is concluded in an LLC between the company’s members. Simply put, this is an internal declaration that includes the work schedule of the firm. The document is aimed at regulating relations between members. It defines their rights and obligations, rules of conduct, professional ethics, and so on. It is important to […]
LLC
Setting Up Your First International Brand: Sole Proprietorship vs Limited Liability Companies
Many business owners who want to expand internationally will actually start another firm in an overseas territory in order to grow their brand. While said firm might still have the same name and trademarks that their domestic ones will, it’ll have to be registered in another nation as an independent firm. This is often a […]
Do These 6 Things First for Your New Business
Photo by Headway on Unsplash Giving your small business a leg up is hard, but essential for success. When you are just getting started in the business world, it can seem overwhelming to juggle everything that you need to keep your business afloat. It can seem like everyone around you knows what they are doing […]
Why Does My Small Business Need a Registered Agent?
Regardless of how large your business has grown, or if you’re just starting out, everyone needs a few talented human resources. A bookkeeper, someone familiar with taxes in your state, and a registered agent. What is a Registered Agent? A registered agent is an individual (or a company) that’s your official point of contact with […]
What’s the Difference Between an LLC and an LLP?
There’s only one letter difference, so how different can they be? When you’re deciding how to choose the right entity for your business, there are a few important acronyms to learn and differentiate. A Limited liability Company (LLC) is a legal entity under which you operate a business. With an LLC, you pick up the ownership share […]
3 Considerations When Hiring Your First Employees in an LLC
As an entrepreneur or small business owner, you’re always striving for growth and success. It’s part of the game for you. When you’re working, you’re always thinking ahead to the next big choice, or amazing strategy that will really set you apart from your competitors. As your business grows and you see an increase in […]
What an LLC Can Mean to Real Estate Agents
For a real estate agent, setting up an LLC is absolutely essential in forming your real estate business. The majority of real estate agents work as self-employed, independent contractors; even those agents who work for brokerages operate in a similar capacity, filing 1099 forms for their tax returns. Independent contractors usually have more freedom and a greater earning […]
Rideshare Driver? Cover Your Assets with an LLC
If you’re driving for Uber or Lyft, this might be the first time you’ve taken on the responsibilities of self-employment, including reporting business earnings on your income tax return. Ridesharing is a bit different than other businesses, and you have a few options for how you report that income—you can use a Schedule C, or […]
Which Business Entity is Right for You?
Have you been dreaming about starting your own business? Congratulations! But now what? There is a lot to think about when establishing your new business. One of the first steps for many entrepreneurs is setting up their business entity—whether you’re a rideshare driver, a real estate professional, or a graphic designer, setting up your business […]
Advice from the Experts: What You Need to Know to Found an LLC
Compared to other business models, forming an LLC is generally the least intensive option; it’s affordable, there’s limited paperwork, and the barriers to entry are low. That being said, plenty of things can still go wrong. Before you dive into the LLC process, be aware of these common mistakes—and talk to a few experienced founders. […]
