How Is an LLC Taxed?

99.9% of American businesses are small ones, and they’re responsible for 32.6% of exports. The country is reliant on these small businesses, which makes entrepreneurship an attractive and potentially lucrative route. Many aspiring business owners often wonder how is an LLC taxed. But as with any type of business, you have to worry about taxes […]

What States Have No Income Tax?

On average, Americans pay over $16,600 in federal income taxes. This might seem like a lot, but those in the most common tax bracket actually pay just over $4,500, which should come as a slight relief. However, you must pay state income taxes on top of federal ones, and this can add financial pressure. But […]

How to Start a Permanent Jewelry Business

In 2023, the interest in permanent jewelry grew 124%, with over 55k searches per month. Needless to say, people are going wild for it, so if you were looking for a business opportunity, then this is it. What is permanent jewelry? It’s a piece that’s welded together and doesn’t use clasps, so it’s a commitment […]

Foreign Qualification: Can My LLC Operate In Another State?

On average, small businesses in the US generate between $1 million and $41.5 million in annual revenue; the amount you make in particular will depend on which industry you’re in and how wisely you’ve set up your business operations. Regardless, it’s almost always a good idea to expand your horizons. With a wider potential audience, […]

Member-Managed vs Manager-Managed LLC: What’s The Difference?

Striking it out on your own can be an exciting new chapter of life, especially if you get to pursue dreams you’ve pushed to the side for years. When weighing up your business structure options, a limited liability company (LLC) is particularly attractive due to the protections it offers. You’re set on this choice, but […]

LLC for Freelancers: Do You Need One?

In today’s economy, 56% of Americans are concerned about job security. However, that doesn’t necessarily mean that a contract equals higher satisfaction and contentment.  For many, quitting a traditional job and freelancing can mean more peace of mind, especially since it puts them in complete control. Plus, there’s more flexibility, as they can pick and […]