Divorces involving Limited Liability Companies (LLCs) are complex, with the division of business interests often becoming a contentious issue and stirring debates around marital and non-marital property, LLC business assets, and ownership interests. With our expertise in family law, marital…
An LLC executor, often an underestimated figure in the early stages of business, plays a vital role in efficient organizational operation. As the designated overseer of essential business documents, the business executor ensures systematic arrangement and secure preservation of pertinent…
The procedure of adding a member to an LLC can be challenging, considering factors such as operating agreements, ownership structure, and tax consequences. It’s an intricate dance between the existing members, new members, and the state’s limited liability laws, with…
As financial advisors, we often encounter queries from business owners about DBA designations and their interaction with Limited Liability Companies (LLCs). DBA stands for ‘Doing Business As’ and is also known as a fictitious business name or trade name, which…
One of the things you’ll do as the owner of a limited liability company is sign. You’ll sign documents and contracts on the LLC’s behalf, and even if it doesn’t sound like a big deal, there’s a protocol behind this…
Grappling with the complexities of taxation on a small business? As strange as it may sound, your Limited Liability Company could opt to be taxed as a C corporation – a decision that could tilt your financial scales favorably. No…
“Success is not delivering a feature; success is learning how to solve a customer’s problem.” -Scott Cook, founder of Intuit Today I’m very excited to share with you how to build an MVP the Zappos way and create a billion…
Filing business taxes for an LLC for the first time can certainly seem like a complex task, especially for first-time business owners. One moment you’re grappling with federal income taxes, the next you’re trying to understand the implications of being…
The LLC operating agreement crucially influences the structure and functions of your limited liability company, be it a single-member LLC, multi-member LLC, or any other business entity type. While it outlines the default rules governing member meetings and roles, it…