I am a 50% partner in an LLC (it has one other partner who also has 50%). Only I will get my regular pay/fees from the LLC. After that pay…

Continue Reading What is the best way to handle my getting paid? Should I receive payroll from the LLC as an employee?

Do you have any information about the legal protection of a single member LLC in Illinois?  I was asking because someone told me that the single member LLC in Illinois…

Continue Reading Do you have any information about the legal protection of a single member LLC in Illinois?

One member of a two member LLC received a 1099 payment. The check and 1099 was made out to the member personally - not the LLC.  Can this "personal" 1099…

Continue Reading One member of a two member LLC received a 1099 payment. The check and 1099 was made out to the member personally – not the LLC. Can this “personal” 1099 be included in the LLC as income?

Can I own an LLC filed in a different state than I live in to run my online business?  When you are filling out the federal tax ID form, do…

Continue Reading Can I own an LLC filed in a different state than I live in to run my online business?

I Want To Add An Owner To The LLC.  How Do I Do That? - Vanessa   Answer Adding a new member to an LLC is typically an easy process…

Continue Reading I Want To Add An Owner To The LLC. How Do I Do That?

My husband and I are both self employed. My husband just started a contract job and I have a small sewing business. Can we share an LLC even though our…

Continue Reading Can A Husband & Wife With Separate Businesses Share An LLC?

  My husband and I are partners in a LLC co.  I will be 62 years old next year and plan to file for my social security.  I need to…

Continue Reading Georgia LLC and Social Security Benefits

I am currently in the process of starting an LLC in California. If I file the articles of in corporation papers (LLC-1) with state this year(November/December) can I delay the…

Continue Reading Filing LLC In California. Can I Delay The Date Of Formation To Next Year and Save On Filing Fees?

I am a single member LLC, no employees. I filled out my tax forms using the 1040 and sched C and sched SE, and discover that I must pay a…

Continue Reading File My LLC As A C Corp Or Sole Proprietor?

If a cosmetologist decides to purchase a salon and forms a a Single Member LLC would she continue to use schedule C for both her income as a cosmetologist working…

Continue Reading A Beauty Salon Owner Wants To Form A Single Member LLC