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March 31st, 2011 — Incorporating, LLC, Starting A Business
A certificate of amendment is a document filed with your state of incorporation or a state you have qualified to do business in, to change the information included in your company’s articles/certificate of incorporation or articles/certificate of organization. States often allow certain information, such as director or officer information, to be updated by means of the corporation’s or LLC’s annual report.
March 29th, 2011 — Incorporating, LLC, Other Business, Starting A Business
Unfortunately, most books on the subject of “Which entity is best for you” describe only the general pluses and minuses of sole proprietorships, S- and C-Corporations, LLCs, and limited partnerships. What these books DO NOT do is help you figure out which entity is best for your particular situation — and why.
March 28th, 2011 — Incorporating, LLC, Starting A Business
If you form an LLC, these provisions are critical. You must know whether the state of formation requires simply a legal purpose, or a more detailed legal purpose. This is especially important when you form an LLC that will mainly hold safe assets. Nevada is one of the states that only require a legal purpose.
March 27th, 2011 — Incorporating, Other Business, Starting A Business
Nevada is one of only two states that does NOT exchange information with the IRS. (However, keep in mind that if you decide to register your company in another state, that state will probably exchange information with the IRS.) Here are the facts:
March 26th, 2011 — Incorporating, LLC, Other Business, Starting A Business
Only SIX states protect the personal liability of both the directors AND officers to their stockholders. Nevada is one of the six states that provide protection in this area, called “Inside Liability.”
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