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What You Need to Know About Having a Multi-Member LLC

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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, a multi member LLC can offer different advantages for those […]

Ultimate Guide to LLC Profit Distribution

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You’ve got a great business idea, and you’d love to bring it to life. As you plan your LLC, understanding llc profit distribution will be crucial. 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 to bring other […]

Foreign Qualification: Can My LLC Operate In Another State?

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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, […]

What You Need to Know About LLC Ownership Percentage

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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. If you’ve got a great business plan floating about in your head, then you might […]

How to Convert an LLC to a Nonprofit Company

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Do you have a love for helping the local community? Are you always trying to find ways to support causes close to your heart? Then as a small business owner, you may already be proactive about these things. But some people choose to take it one step further. While a limited liability company (LLC) comes […]