If I have been working a business by myself, can I form an LLC and have my business protected in case of a divorce? Answer Are you already married? If…
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Does an LLC Protect a Business in a Divorce?
We began a small business two years ago as an LLC. We are just getting started and our production is not even running yet. We have made no income from…
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Filing An LLC Tax Return When Your Company Made Little Or No Money
In Missouri, when forming an LLC, I’m asked for the “specific purpose” of doing business. If you put something, for example, online selling, does that mean that in the future…
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How To Answer The Specific Purpose Question When Forming A Missouri LLC
It is possible for a Limited Liability Company to pay members a salary, but this depends on the tax classification. An LLC that elected to be taxed as a sole…
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Can a Member of an LLC Receive a Salary?
I started my LLC in 2018, and I got an EIN for single-member. Now I need to add my dad to the LLC. So, I am going to get a…
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Adding A New Member To An LLC
I know single member LLC treated as pass-through tax status. But what about a husband and wife filing jointly. How do we file to get the pass through? - Kelly,…
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How To Do Pass Through Taxes For A Husband And Wife LLC
As a single member Nevada limited liability co is there a general rule of thumb of how much one ought to pay themselves as owner? Answer As a single-member LLC,…
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Single Member LLC Pay Owner
A person recently emailed me and asked: "If I create an LLC, do I have to market my business name with the LLC at the end?" While this site does…
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Using “LLC” In Your Business Name
I am starting an online business that I hope will grow into a store. For now the business is dropship. Do I need to incorporate or LLC my business? …
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I am starting an online business that I hope will grow into a store. For now the business is dropship. Do I need to incorporate or LLC my business?
I am wanting to remove my wife as a member from the LLC. What needs to be done? We live in Texas. Our Response: Before going forward with…
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I am wanting to remove my wife as a member from the LLC. What needs to be done? We live in Texas.