Can I Form a Non-Profit LLC, 501c3?

By IncNow May 23, 2022
B Corp

Philanthropists often ask about forming non-profit LLCs, otherwise commonly referred to as 501c3. Due to IRS regulations, LLCs are not able to be assigned tax-exempt status directly. A 501c3 is a coveted designation because it exempts a company from federal taxes, sales taxes, and property taxes. This can be incredibly helpful to a nonprofit. You […]

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Why the Delaware C Corp Is a Good Option for Startups

By IncNow February 9, 2022
C Corp

Delaware C corps are a popular choice for some companies due to their ability to attract investors. Startups in particular can benefit from a C corp tax designation, but it’s understandable to have questions about how, exactly, this works. Here’s what you need to know. How the Delaware C Corp Can Help Startups While every […]

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How to Become an LLC: 5 Steps

By IncNow August 11, 2020
5 steps

Becoming an LLC is an easy and inexpensive way to protect yourself from personal liability for business obligations. It’s definitely worth considering if you have your own business—even if that business is you.

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How Is an LLC Taxed?

By IncNow September 18, 2019
types of entities

The LLC is popular choice when it comes to company formations, but business owners often have one very important question: How is an LLC taxed? The taxes an LLC pays can vary, but there are some important facts to know about LLC taxation. LLC Taxes Four out of five businesses that incorporate with IncNow choose […]

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How to Save on Single Member LLC Taxes

By IncNow July 19, 2019
single member llc tax

Most businesses end up cutting into profits simply by not taking advantage of the rules the IRS has laid out for them. The most susceptible to this common downfall is the sole proprietor or single-member LLC. It’s possible to save on single member LLC taxes—you just need to know the right steps to take. What is […]

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