New Business Entity Blog

Dec 27, 2008, sell an llc

can I sell our LLC without an operating agreement we never did one (stupid yes) my partner is non responsive since we had a little tiff. I am the

Dec 27, 2008, Are they appropriate for holding title of rental property?

I am considering re-titling some rental houses with each having its own dedicated single member LLC whereby the LLC's lone member (owner) would be my

Dec 27, 2008, Insurance

Do you have to carry special insurance when you are a LLC? Answer There is no special business insurance for LLCs that differs from partnerships

Dec 27, 2008, How do I remove my name from a DBA partnership I have with another person?

I obtained a DBA with my brother in law to form a drywall business. I found out that he was doing some things that weren't right by me(keeping funds

Dec 23, 2008, Can I get out of the LLC and leave my partners?

I believe I am listed as 50% owner in a business that is falling apart. We have nothing in writing except for our articles of incorporation that list

Dec 23, 2008, Naive Question

Greetings, I would consider myself a business professional but am somewhat new to the concept of founding my own business which is what I am

Dec 18, 2008, Established LLC/S Corp investing in a new LLC

I am a 50% partner in an LLC/S Corp. My partner and I want to establish a second business (unrelated to first) first as an investment (hopefully for

Dec 18, 2008, Best option: Single member LLC vs. Multi-member LLC

My wife and I are considering starting a business in Arizona providing therapy services to children. We have chosen to form an LLC and are not sure

Dec 18, 2008, sole proprietorship to single member LLC?

Thank you very much for your help. Should I convert my sole proprietorship (and EIN #) to a single member LLC? if so, how do I estimate the fair

Dec 17, 2008, LLC after January 1st?

Hi, I am thinking on forming a single member LLC in NY. Is there any benefit on waiting until January 1st to file my papers? thanks Answer The

Dec 16, 2008, In Arizona a multi member LLC has losses-is there anything to file?

If an Arizona LLC has losses, are there any legal forms to file? Answer Only if you want to reduce your taxes :) This applies to all LLCs, not

Dec 15, 2008, Adding Member

I started my LLC in 2008, and I got an EIN for single-member. Now I need to add my dad to the LLC. So, I am going to get a new EIN. Do I need to

Dec 14, 2008, Christmas meal/party deduction for small LLC?

We have a two member LLC. The second member is my wife. She's a legit member (professional, with some part-time work contribution), but since it is a

Dec 13, 2008, how to end an LLC ?

We recently started an LLC for our club, so as we could raise funds legally. turns out it is costing us more money and time to have the LLC and now

Dec 12, 2008, LLC Question

I went into a verbal agreement with 3 other people. They have written up the llc, but my name is not on there. Am I still a member? I am supposed to

Dec 11, 2008, Old Sole Proprietorship, New SMLLC: How to Handle Taxes?

I have filed a Schedule C with my tax return for years for a very small business I have that in recent years has some-but-not-much income annually. I

Dec 10, 2008, If I form individual LLC's for real estate, What is the big company?

If I was to form an individual LLC for each house I buy, how does it work in the big picture. Is there one company above all the individual LLC's?

Dec 9, 2008, Tax issues

1. My husband and I are co-owners of an LLC. Is this considered a multi-member LLC for tax purposes? 2. In order to take advantage of HRA 105 for

Dec 9, 2008, Considerations in Naming My LLC & My Web Site

I am starting an Internet business which will offer products for sale on a web site. I intend to register with the state of Florida as a single-member

Dec 9, 2008, Withdraw from a Florida LLC

I filed an LLC in Florida. I am the managing member and another person is a member and the registered agent.I no longer wish to have this LLC since I

Dec 8, 2008, Quarterly Taxes

I am a brand new SMLLC in Houston, Tx where i work and live, and i am wondering if i have to do a 1040ES next year. I just started so I don't have

Dec 8, 2008, Paying LLC owners a bonus with minimal tax impact?

Is it possible to avoid additional tax burden by paying the owners of a LLC a incentive pay for staying or making a company profitable? Would this

Dec 8, 2008, llc individual members rights

Can a member be silenced by other members without reason? Answer Member rights vary state to state, but as a general rule, members holding a

Dec 6, 2008, Paying Taxes

I just formed my LLC in September of this year. I have yet to make a profit due to still trying to purchase necessary equipment, etc. Next year, if I

Dec 6, 2008, Single Member LLC owned by an S corp

We were recently told by our accountants that we could contribute our single member llc to a newly formed s corp. They told us that my husband would

Dec 6, 2008, A beauty salon owner that wants to form a Single Member LLC.

If a cosmetologist decides to purchase a salon and forms a a Single Member LLC would she continue to use schedule C for both her income as a

Dec 6, 2008, signing technical letter reports

I have an LLC for my engineering practice and am signing a short letter report to the client that presents my work product (it is some computations).

Dec 5, 2008, how to best configure llc with a trust

Hello, My wife and I want to purchase 3 to 6 multifamily homes in new york state for the purpose of rental income. I have an irrevocable life

Dec 5, 2008, LLC structure for a retailer in San Francisco?

I own a retail store in France. I want to open the same in San Francisco. Is an LLc the right choice? Thank you. Answer Are you a US citizen? The

Dec 5, 2008, Can C-corp own LLC

Can a c-corporation be the sole member of an LLC and if so how report income/loss..... Answer Yes, an LLC can have a C-corporation as its member.