Incorporation Specialist Blog

What Is An Individual Tax Identification Number (ITIN)? Individual Tax Identification Numbers, or ITINs, are a type of unique tax ID number assigned by the IRS to individuals who need to pay taxes in the United States, but who are not eligible for a US Social Security Number.  People who are typically eligible to obtain […]

What Is A Subsidiary Company? A “subsidiary company” refers to a business that is wholly or majority owned by another company. The company that owns a subsidiary is often called a “parent” or “holding” company. A subsidiary company is typically a separate business with its own team in charge of daily operations. However, the parent […]

What Benefits Are There to Solar Companies Forming a Delaware LLC? Delaware LLCs provide real legal benefits to all types of businesses, including solar companies. Here are the top five benefits of Delaware LLCs for solar businesses: Benefit #1: Limited Liability Protection Delaware LLCs offer limited liability protection, which shields business owners’ personal assets from […]

LLC Members: Who Owns an LLC? The ownership of an LLC lies with its Members, who share the ownership interest in the company. The LLC Operating Agreement acts as a contract between LLC Members, outlining the rules and responsibilities for running the company. This agreement covers several crucial aspects that define the Members’ roles and […]

What is a Corporation, Exactly? Corporations are legal business entities that are separate from the real people who own them, run them and work for them. When a business becomes a corporation, it becomes its own person.  In the eyes of the law a corporation is a separate person, different from the real people who […]