By IncNow
October 15, 2013
A single-member LLC can either use the Social Security Number (SSN) of the single member to conduct business, or it can obtain a separate Employer Identification Number (EIN). An EIN is required for a multi-member LLC. We recommend that you obtain an EIN number soon after the formation of your LLC whether you are forming […]
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By IncNow
Nevada LLCs are not required to maintain an office, bank account, or business address in the state of Nevada. The sole address a Nevada LLC is required to maintain within the state is that of a registered agent. The purpose of this requirement is so that lawsuits can be served to an address within Nevada […]
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By IncNow
With the exception of countries and persons listed with the Office of Foreign Asset Control (a branch of the US Department of the Treasury), non-resident aliens are allowed to incorporate in Nevada and form Nevada LLCs. Nevada businesses owned by non-US citizens are required to register with the US on the one page Report of […]
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By IncNow
September 16, 2013
Upon formation, all for-profit stock corporations are General Corporations and by default they are classified by the IRS as a C-Corporation for tax purposes. Some business owners may wish to remain a C-Corporation, while others may want to become an S-Corporation. What Is a C-Corporation? C-Corporation is the default tax status of all corporations. A […]
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By IncNow
An LLC will need to obtain an EIN if it has multiple members or employs anyone. An EIN is required to withhold taxes from employees, open bank accounts, and any application that requires a business to validate its authenticity. The EIN is the corporate equivalent of a Social Security Number (SSN) for an individual. The EIN […]
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