Business Insights

Do I Need a Delaware Tax Accountant? Working with a CPA located in Delaware is not required for operating a Delaware LLC. As a business owner, you are free to work with a tax professional in your home state. This is because you will pay taxes from where you operate and will likely not have […]

When Do I Have to Choose a Tax Election? After forming an LLC, there are three alternative tax regimes. No action is required for the first one, and the other two tax elections can be elected if you think either of the S or C corporation tax elections may be more favorable for your LLC. […]

How Is an LLC Taxed? The beauty of an LLC is its flexibility in choosing what tax structure works best for your business to keep your taxes as low as possible. For federal tax purposes, an LLC has flexible tax treatment, and the way it is taxed depends on how it is set up and […]

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 […]

Real estate is passive and not a lightning rod that attracts liability. Real estate is also a large store of value. If the restaurant company holds title to the real estate, then you have taken a big risk that was easily avoidable. You should never let real estate be exposed to creditors of the business. […]

What Is An LLC Membership Certificate? LLC membership certificates look like stock certificates issued by a corporation, however, they do not function in the same way. The certificate lists the name of an LLC member and details their ownership interest in the company.  The law does not require LLCs to issue membership certificates. This is […]