LLC

Key Takeaways: Once you find your Etsy niche, it’s important to form an LLC. An LLC will help you protect your assets and lend your shop credibility. Separate banking and tax documentation is crucial, too. Phase 1: Research and Branding Before you upload your first listing or file your LLC documents, you must establish a […]

What is an LLC, Exactly? An LLC (Limited Liability Company) is a business structure that protects its owners (known as members) from personal liability for business debts, shielding personal assets like homes and savings. A Delaware LLC offers flexibility and privacy when structuring the ownership and management. LLC Members have much freedom of contract to […]

What Happens to a Single-Member LLC If the Sole Owner Dies? The Single Member LLC Operating Agreement often provides for the LLC to be liquidated upon the death of the Member. Death is often listed as an event of dissolution. However, the executor and trustee of the Member may decide that the LLC is more […]

What Is a Loan Out Company? A self employed individual can use a Loan Out Company to turn short-term employment arrangements into independent contractor relationships. The company effectively employs the individual and “loans out” their services to the companies for which they work.  Through a Loan Out Company, the individual can reduce their effective tax […]

What Does It Mean to Incorporate? A business is formed when the formation involves an “unincorporated” entity. In other words, you do not incorporate LLCs, LPs and partnerships, you form them. When someone talks about incorporating a company, any business lawyer will tell you this means starting a corporation, not forming an LLC. With the […]

What Is an Umbrella LLC, Exactly? An umbrella LLC is another word for a holding company. An umbrella LLC owns other LLCs that are below it, known as subsidiaries. It effectively shelters those LLCs from cross liability in the event that future litigation results in a judgment creditor trying to collect against assets of a […]