In 2020, a study showed that out of the 4 million partnership tax returns filed, limited liability companies (LLCs) made up 70.6% of them. Clearly, this business structure type offers significant advantages, seeing as how popular it is. If you’re
You’ve got a great business idea, and you’d love to bring it to life. Being your own boss would be an amazing perk too. However, you’re only one person with limited capabilities. To prevent yourself from burning out, you’ll need
A few years back, you embraced entrepreneurship and joined the ranks of over 33 million American small business owners. At the time, you decided that a sole proprietorship would be best for your needs, and didn’t think anything else of
In 2021, American entrepreneurs broke the record with 5.4 million new business applications. And in 2022, 5.1 million were filed, meaning entrepreneurship is going as strong as ever. Understanding LLC ownership percentage is crucial in many of these new businesses.
Registering an LLC in the Delaware tax haven is a no-brainer if you want to reduce your taxes, protect your privacy, and enjoy stability. The state is known for attracting businesses because of its business-friendly stance. There are 1.9 million
Are you wondering, do you have to put LLC in your business name? It depends on the state, and you have several versions of LLC to choose from. In this article, we’ll share what considerations you should make regarding your
