What’s the best state in which to form a LLC?

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What’s the best state to form a LLC? I get this question all the time. No. The answer is not Wyoming, Nevada or Delaware! Simply put, your domicile or home state is the best option. Don’t fall prey to the … Read More

Do I need to file a tax return for my LLC with no activity?

Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More

Understanding pass-through income

If you own a business, it’s a must to understand the tax side of the business. 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 … Read More