All Corporate entities are required to maintain a Registered Agent including LLCs, Corporations, Nonprofit and Limited Partnerships. The registered agent is responsible for maintaining a physical address in the state of incorporation, qualification or registration [...]
An Employer Identification Number also referred to as a Federal Tax Identification Number is used to identify a business entity. The EIN is required to open a bank account, applying for business licenses, paying and [...]
Ultimately when trying to understand the best tax scenario for your business, you should seek the guidance of a CPA. The IRS does not have a separate tax classification for LLC's. LLC's are managed by [...]
Both a Corporation and LLC provide personal liability protection by separating the business owner from the business entity. LLCs are managed either by member-managed or manager-managed while corporations have a Board of Directors and Officers. [...]
