Automatic Conversion of a Disregarded LLC to a Partnership
A disregarded LLC is an LLC with only one owner and has not elected to be an S corporation or a C corporation. When an LLC adds a second member, the LLC automatically becomes a partnership.
Do I Need an ITIN to Open a US Company?
Many non-U.S. persons open U.S. entities to operate their business. There are generally no restrictions on who can open a U.S. entity, and nonresidents generally do not need an ITIN in order to do so.
LLC vs Trust – What are the Differences?
A limited liability company (LLC) is a legal entity while a trust is a contractual arrangement. This article and video go over the key differences and similarities between the two options.
Does my LLC Need a US Address?
Many non-U.S. persons want to open a U.S. LLC for their business. A common questions is whether the LLC must absolutely have a U.S. based address in order to conduct business. This article and video tutorial cover some of the rules and requirements.
I Closed my LLC – When Do I File My Final Tax Return?
When a business closes the legal entity at the state level, the entity must still file a "final" income tax return for the short period. The final tax return for the LLC will depend upon how the entity is taxed.
PLLC or LLC – Which One do you Need?
Some states have special entity requirements for professional organizations. These companies cannot use a standard LLC, they must use the PLLC instead. This article and video discuss the differences between the two structures and which is appropriate for your business.
My Company EIN Doesn’t Match the Legal Entity Name – Is That a Problem?
The employer identification number (EIN) is assigned to businesses, trusts, estates and nonprofit entities for purposes of complying with U.S. tax filing obligations. In some cases, the EIN might not exactly match your legal entity name.
Two-Tiered LLC Structure for a Florida LLC
Florida is a popular jurisdiction for new businesses and entity formations. However, it might not have the best asset protection or privacy laws. Learn more about the two-tiered entity structure in this article and video tutorial.
Delaware LLC vs Delaware Corporation – Annual Fees and Deadlines
Delaware entities must file annual reports and pay fees in order to keep the entity open and in good standing under state law.
Anonymous LLC – Why is Delaware the Popular Choice?
Delaware is one of the most popular jurisdictions in the world to open a company. This article covers some of those popular attributes.