Incorporation Specialist Blog

What Benefits Are There to Online Businesses Forming a Delaware LLC? Delaware LLCs provide significant benefits to all types of businesses and their owners, including online businesses. Here are the top five benefits of Delaware LLCs for online businesses: Benefit #1.) Limited Liability Protection Delaware LLCs provide limited liability protection, shielding business owners’ personal assets […]

Who owns and manages an LLC? If you’re thinking about setting up a Limited Liability Company (LLC), it’s helpful to understand the roles of LLC owners and how they’re involved in managing the business. LLCs offer the flexibility to create unique management structures, pick officer titles, distribute management responsibilities, and outline ownership interest. In this […]

What is a Capital Contribution? A capital contribution refers to the cash or property that owners provide to their business. LLC members typically make initial capital contributions when opening the business and may contribute more throughout the company’s lifetime.  Initial capital contributions often play a significant role in determining a member’s ownership percentage in an […]

  What Is an Employer Identification Number? An Employer Identification Number, also known as an EIN, is a 9-digit tax identification number issued by the Internal Revenue Service (IRS). The EIN is the number that goes on tax forms including the 1099 non-employment income and 1065 partnership return to name a couple. You can obtain […]

Why Freelancers Should Form a Delaware LLC Freelancers should form a Delaware LLC instead of operating a sole proprietorship for several reasons. 1.) Limited Liability Protection. An LLC provides business owners with limited liability protection, which shields their personal assets from any debts or legal liabilities associated with their business. Freelancers in high-risk industries can […]