Posts Tagged ‘limited liability company’

Should You Have a Member Managed or Manager Managed LLC?

A lot of people get into trouble when it comes to setting up their business structure. Usually that happens when they try to do-it-yourself to save a few dollars or hire someone to do it who isn’t a qualified expert. One of the questions that comes up is whether you should have a member-managed or ...

Is a Nevada Shelf LLC For You?

A shelf company is simply a company that is already set up.  If you need a company now, with no fuss and no bother, this is the best bet.  And, if you want the ultimate in protection and flexibility, then you want a Nevada Shelf LLC (limited liability company). An LLC structure offers you complete ...

It’s Not Too Late for Your LLC

If you haven’t yet filed your tax return (and this year is the year you probably REALLY want to extend it due to all the uncertainty with 2009 tax law), you can still select how you want your LLC to be taxed. So, for example, let’s say you have a single member LLC and you ...

New Target for IRS Audits

The IRS is gearing up for the next onslaught of audit attacks.  This time they’re after Sole Proprietorships aka Schedule C filers.  Remember if you have a Single Member LLC and have NOT elected how to be taxed for your business, you’re going to default right into the Sole Proprietorship category. Based on the number ...