Registered Agent Services: What They Are and Why Your LLC Needs One
Registered agent services are an essential part of the legal fabric of a limited liability company (LLC) in most states. 1. Introduction to Registered Agent Services Registered agent services are an essential part of the legal fabric of a limited liability company (LLC) in most states. Essentially, the registered agent is the point of contact […]
Understanding the Federal Tax Identification Number (EIN) for Businesses
An Employer Identification Number (EIN) is a nine-digit number that is assigned to businesses. This identifier is used to track the company’s tax reporting and filings. 1. Introduction to EIN An Employer Identification Number (EIN) is a nine-digit number that is assigned to businesses. This identifier is used to track the company’s tax reporting and […]
LLC vs. Corporation: Key Differences and How to Choose the Right Structure
As an entrepreneur, there are different types of business entities that you can form. In addition to operating as a sole proprietorship or general partnership, you have the option of organizing a limited liability company (LLC), a corporation, or one of the many variations or hybrids of these entities, such as a closed corporation or […]
Step-by-Step Guide to Applying for a Federal Employer Identification Number (EIN)
Securing an EIN is one of the principal tasks to attend to when launching a sole proprietorship, partnership, corporation, or limited liability company. You will need an EIN regardless of whether you plan to hire employees or not. If you are a sole proprietor with no employees, you may still need an EIN for tax […]
Exploring the implications of Beneficial Ownership Information Reporting (BOI)
Beneficial Ownership Information reporting (BOI) is about knowing who ultimately owns or controls entities, as the identity of individuals may have an important influence on a company’s behavior. In the case of a range of legal or regulatory obligations, it is important for companies to understand where the decision-making really sits and who stands to […]
