SINCE 1974
What Is An LLC (Limited Liability Company)? An LLC, or “Limited Liability Company”, is a type of business structure that provides liability protection for its owners. The laws of the state where the LLC is registered uphold these protections. LLCs create a layer of separation between a business and its owners, who are called […]
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Why Form a Single Member LLC? Technically, anyone can become a single member LLC. Freelancers, contractors, photographers, and musicians may choose to become a single member LLC to legally separate their professional operations from their personal assets, like their home, car, or savings. In the event of an issue with your business, your personal […]
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If you’ve formed an LLC but haven’t done business this year, you may be wondering if you need to pay the Delaware franchise tax. Here’s what you need to know. What Is the Delaware Franchise Tax, Again? Franchise “Tax” is often misinterpreted to mean that the fee will be calculated based on profits or capitalization, […]
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You may be asking “What does LLC stand for,” “Which entity should I choose,” “What is Inc.,” “What does Co. mean,” “What is LLC,” or “Ltd vs. LLC?” Before you incorporate, you need to choose which type of entity is right for you. This isn’t something you’re born knowing, and they don’t teach it in […]
Continue Reading 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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Benefit #1: Low Start-Up Costs The initial point of attraction for LLC formation in the state of Delaware is the low upfront costs of filing. The subsequent costs of maintaining the LLC are also low. The current minimum filing fee in the state of Delaware stands at $90. Owners forming a Delaware LLC experience remarkable […]
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