What You Need to Know About Having a Multi-Member LLC
In 2020, 2.8 million single-member LLC returns were filed, which is a huge increase from just 126,000 in 2001. Considering that they make up almost 10% of the total non-farm sole proprietorship returns, it stands to reason that operating an LLC solo is doable. However, “doable” doesn’t mean “feasible” in the long term. If you’re […]
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 […]
How to Find the Owners of an LLC
Today, out of millions of small businesses in the US, 43% of them are limited liability companies (LLCs). There’s a reason why almost half of small business owners choose this structure: the company’s debts and liabilities are separate from the owner, which provides a huge form of protection. Unfortunately, a part of this protection means […]
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 […]
How to Get Proof of LLC Ownership
The beauty of having a small business is that anyone can do it, as long as they’ve got the determination and financial means. And thanks to this entrepreneurial spirit, 32.6% of the nation’s known export value comes from these small businesses. There’s great value in striking out on your own, even if it means a […]
What is an LLC Membership Certificate and Do I Need One?
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 thinking about starting your own company, then an LLC can be an attractive choice. However, […]
