Why Form a Single Member LLC? Technically, anyone can become a single member LLC. Freelancers, contractors, photographers, and musicians may choose to become a single member LLC to legally separate their professional operations from their personal assets, like their home, car, or savings. In the event of an issue with your business, your personal […]
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If you have applied for a loan with your corporation as the borrower, you may have heard the term “Delaware Certificate of Incumbency”. What is a Delaware Certificate of Incumbency and when do you need one? What Is a Delaware Certificate of Incumbency? A Delaware Certificate of Incumbency is a document signed by an officer […]
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How to Change Your Business Name with the IRS If you have a brand new EIN and have not yet had an opportunity to file your first tax return, you will need to notify the IRS of your name change by writing to the address where you will file your tax return. A change of […]
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Umbrella LLC Advantages: The business entity is already created; Lower overhead costs (one annual fee instead of multiple); Less oversight is required to keep assets separate since they are held within the same company; Having multiple “incubators” for business lines can accelerate innovation, experimentation, and growth through diversification; Better suited for activities that are low […]
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Is a Delaware Business License Required for a Delaware LLC? No, a Delaware business license will not be required for your Delaware LLC if you are not actually conducting business within Delaware’s borders. However, you may require a business license for the area in which you plan to do business. You will want to work […]
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Things to Consider When Choosing a State to Incorporate What is the best state to incorporate? Many people choose Delaware to incorporate (or form) their LLC or corporation. Here are a few things to consider when making your decision: Business-friendly laws: Choosing to incorporate in Delaware means that Delaware law will govern the internal affairs […]
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