When an LLC is created in any state, a selection is permitted for how the business is taxed by the federal government. This choice affects the accounting records and type of tax return required for the LLC.
When economic conditions cause sellers of commercial real estate to drop their prices, it presents an opportunity for your business. Owning your business location might be superior to renting. However, ownership of real estate has risks that are distinctive from owning a business.
Keeping a limited liability company compliant within state regulations can be a headache. While regulations can be different from state to state, many are similar. The state of Arizona has issued a list detailing a number of ways LLC owners often make mistakes.
The West Virginia Secretary of State’s office recently helped dozens of business incorporations file their annual reports by setting up a mobile office in the North Central region of the state.
New Hampshire lawmakers say they will now work to repeal a tax on limited liability corporations during upcoming budget negotiations, after failing to include the repeal in a bill regarding reasonable compensation.