Where should I form an LLC?
Where should I form an LLC? I get this question quite often. The answer is not Wyoming or even Nevada! Simply put, your domicile state is the best option. Don’t fall prey to the internet or a friend’s misguided advice when it comes to business formation. While some states may be less expensive for maintenance…
6 Things to Know about Taxes and Starting a Business
Thinking about starting a business to help you earn income and use your skills? New business owners have tax-related things to do before launching any company. Here are the 6 things to know about taxes and starting a business. Starting a business 1) Choose a business structure When starting a business, an owner must decide…
Pass-through income: easily understand what it means
If you own a business, it’s a must to understand the tax side of the business. This includes understanding pass-through income. Maybe you’ve heard of the advantages of registering your business in a no income tax state. In fact, you may have found companies offering to set this up for you for a small fee.…
Choosing a Business Entity: which is best for you?
As with most things in business and life in general, it’s all about the basics, right? Well, here are the basics of choosing a business entity. If you already know them but aren’t implementing them, it’s time to start. If you’re just getting started, it’s really important to start your business off right. Don’t you…