Business Learning Center Articles
There is a lot to think about when it comes to starting and maintaining a business. At DoMyLLC our job is to help simplify the process so you can make an informed decision.
Starting a Business
- LLC vs. Corporation
- Why Incorporate or Form an LLC
- Common Entity Structures
- Should You Form Your Business in DE, WY, or NV
- When to Incorporate
- How To Form An S-Corp In Florida
- Need Help Forming An LLC? Get Started Today In Two Easy Steps
- What’s The Difference Between A C-Corp And An S-Corp
- LLC Management Structure
- LLC Registration Service For New Business
- What’s The Difference Between An S-Corp And An LLC?
- New Business Check List
- Getting A DBA: When And How To File A “Doing Business As” Form
- How To File A C Corp In Georgia
- How To File A C Corp In Nevada
- How To Form A C Corp In California
- How To Form A C Corp In Illinois
- How To Form An LLC In Illinois
- How To Form An LLC In Wyoming
- Variables To Consider When Determining Where To Incorporate
- How To Form An LLC In Delaware
- Form An LLC In Nevada: 10 Simple Steps To Follow
- How To Form A Single Member LLC In California
- Checklist: How To Start A Business In California
- Form An LLC In Wyoming: Everything You Need To Know
- LLC Paperwork: An Easy Guide For Beginners
- Do Bloggers Need To Go Through LLC Paperwork?
- Form An LLC In Florida: Everything You Need To Know
- How To Form An LLC In Alaska
- How To Form An LLC In Florida
- Start-up Tips: How To Name Your LLC
- Delaware LLC: Is The State Ready For Your Business Idea?
- Florida LLC: Factors To Consider When Starting A Business
- Foreign LLC In Florida: Here’s What You Need To Know
- Form An LLC In New Hampshire: The Basics
- Form An LLC In Montana: The Basics
- Ohio LLC: Advantages Of Starting A Business In The State
- Minnesota LLC: Advantages Of Starting A Business In The State
- Form An LLC In Vermont: The Dos And Don’ts
- Form An LLC In Iowa: A Closer Look Into The Process
- How To Form An LLC In Rhode Island: A Comprehensive Guide
- A Simple Guide On How To Form An LLC In West Virginia
- Connecticut LLC: What Makes The State Ideal For Businesses?
- How To Register A Foreign LLC In Minnesota
- Forming An LLC in Virginia: Basics and Tips
- Reasons To Establish A Utah LLC
- Form A New Jersey LLC: A Look Into The Process
- Foreign LLC In Ohio: How To Set Yours Up With Ease
- Form An LLC In Maryland: A Step-By-Step Guide
- The Benefits Of Having A Rhode Island LLC
- Important Things To Remember When You File An LLC Application
- Business Registry Guide: Everything You Need To Know
- Best Practices: A Guide For Forming A Single Member LLC
- The Advantages Of Being A Foreign Limited Liability Co
- A Quick And Easy Guide On Starting An LLC In Louisiana
- Decision-Making Steps When You’re Running An LLC
- How To Form An LLC When You Have No Time For The Paperwork
- Knowing The Right Time To Incorporate Your Business
- When Is A Single Member LLC Likely To Work?
- What’s The First Step In Getting A Business Registry In Tennessee?
- Understanding The Basics Of LLC Filing In Any State
- What Kinds Of Members Should Work Together For A C Corp?
- How To Avoid Delays When Starting An S Corp
- 7 Kinds Of Business That Are Great For C Corp Registration\
- What Are The Benefits Of A C Corp?
- How To Pick The Best Business Location For A C Corp
- Best Practices: How To Avoid Delays When Starting An S Corp
- Top 3 Reasons To Start A Corp
- LLC Formation Timeline: How Much Time Does It Take?
Corporate Compliance
- What You Need to Know About Business Compliance
- Meeting and Minutes
- Business Tax Overview
- Ten Things To Ask An LLC Agent Pre-Contract
- Five Traits Of A Good LLC Registered Agent For Your Business
- Annual Report Quick Guide – Due Dates and Fees
- When To Foreign Qualify A Business
- When Do You Need A Certificate of Good Standing?
- Why Do I Need A Business License?
- Foreign LLC In New York: Requirements For The Application For Authority
- Maryland Tax Form For LLC: Annual Filing Requirements
- Articles Of Organization: A Guide On Must-Have LLC Documents
- Articles Of Organization LLC: A Guide For Delaware Business Owners
- Articles Of Organization LLC: Documents Required In Maryland
- Massachusetts Tax Form For LLC: Annual Filing Requirements
- LLC Fees in Kentucky: What You Need To Know
- Indiana Tax Form For LLC: Requirements And Deadlines
- Articles Of Organization And Other Paperwork For A New Hampshire LLC
- LLC Fees In Connecticut: The Cost Of Running Your Business
- Articles Of Organization: Important Documents For Hawaii Businesses
- Iowa Tax Form For LLC: Requirements You Need To Take Care Of
- What Kind Of LLC Formation Package Do You Need?
- Business Decisions: How To File An Amendment For An LLC
- Understanding The Basics Of Minnesota Incorporation
- How To File An LLC In Multiple States: Complete Paperwork Tips
- 6 Good Reasons To Register For Foreign LLC
- What’s In An LLC Formation Package?
- When Should The Business Formation Documents Be Amended?
- LLC Paperwork: Kentucky Rules And Regulations
- How Do I Dissolve My LLC If It’s Less Than A Year Old?
- Here’s What You Need To Remember About Corporate Compliance
- LLC Paperwork Complications And How To Manage Them
- Learn The Basics Of A Single Member LLC And Relevant Taxes
Business Maintenance
- Make Money With Hassle-Free Business Records Management
- What’s Next: What Do You Do After You Form A Business?
- Steps To Closing A Business
- When Should An LLC Or Corporation File An Amendment?
- How To File Your California Articles Of Organization
- How To Dissolve Your LLC In California
- Complete Guide: How To Register Foreign LLC In California
- How To Get A Certificate Of Dissolution In California
- Foreign Limited Liability Company: All You Need To Know
- Items Included In LLC Formation Package (Everything You Should Know Before You Sign Up)
- California LLC Fee & Other Important Information
- How To Dissolve An LLC In Wyoming: Avoid Pitfalls And Complications
- How To Dissolve An LLC In Nevada: Quick Guide For Business Owners
- How To Dissolve An LLC In Delaware: Simplified Steps To Follow
- Is Your LLC In Good Standing?
- How To Dissolve An LLC In Florida: Simple Steps To Follow
- How To Reinstate Your LLC
- Foreign LLC In Arizona: Know The Rules To Make Things Simple
- Articles Of Organization: LLC Paperwork In Wyoming
- Articles Of Organization: LLC Paperwork In Nevada
- Articles Of Organization LLC: Florida
- Articles Of Organization LLC: Delaware Guideline
- Louisiana Tax Form For LLC: Annual Filing Requirements
- LLC Fees In Iowa: What Costs To Expect
- How To Dissolve An LLC In Iowa: The Required Documents And Necessary Steps To Follow
- Dissolve An LLC In Hawaii: The Dos And Don’ts
- LLC Fees In Vermont You Need To Keep In Mind
- The Ins And Outs Of Setting Up A Foreign LLC In Louisiana
- Foreign LLC In Indiana: The Basics
- Articles Of Organization: LLC Paperwork In Kentucky
- The Required And Optional LLC Fees In Maine
- Dissolve Your LLC In Tennessee: A Comprehensive Guide
- Setting Up A Foreign LLC In Montana: The Dos And Don’ts
- How To Dissolve An LLC In New York: The Steps You Need To Take
Industry Information
- Real Estate: Why Investors Like The LLC Structure
- Should Those In Professional Services File As A PC Or PLLC?
- The Business Structure Of A Construction Company
- Trucking Companies: Register As An LLC Formation
- How To Dissolve An LLC In Utah: The Required Documents And Necessary Steps To Follow
- Dissolve An LLC In South Carolina: Everything You Need To Know
Business Names
Taxes & Miscellaneous Services
- Business Tax Overview
- Let An LLC Registered Agent Protect Your Business
- CA Form 568 Instructions For LLC Paperwork
- Your Guide To California Franchise Tax First Year Exemption
- All About Form LLC-12: Your Statement Of Information
- California LLC Act: Understanding The Highlights Of RULLCA
- California LLC Fee & Other Important Information
- LLC Fees In Wyoming: Do The Math Before You Dive In
- LLC Fees In Delaware: An Easy Guide For New Business Owners
- LLC Fees in Florida: Everything You Need To Know
- Oregon Tax Form For LLC: What You Need To Know
- LLC Fees In New Jersey: Required And Optional Costs
- LLC Fees In Indiana: What Costs To Expect
Comparison Chart
Liability Protection →
Pass Through Taxation →
Articles of Organization →
Complex Management Structure →
Formal Business Structure →
Perpetual Existence →
Year Compliance Requirements →
Raising Capital →
LLC
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Liability Protection →
LLC‘s provide personal liability and asset protection. Members (owners) are not held personally liable for the debts of the company.
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Pass Through Taxation →
LLC‘s are not taxed at the Corporate level. The profits and losses pass through to the members to report with their personal income tax.
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State Filing Fees →
Although fees vary by state, LLC‘s are required to pay a filing fee along with the article of organization to set up an LLC.
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Complex Management Structure →
LLC‘s can be Member-Managed or Manager-Managed. In a Member-Managed LLC the owners(s) of the company run the day to day activities of the LLC. In a Manager-Managed LLC the member(s) elect a manager(s) to run the day to day activates of the LLC.
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Formal Business Structure →
LLC‘s have a very informal business structure. LLC‘s have become very popular to form for this reason. LLC‘s are not required to hold meetings, document minutes of meetings, issue stock or elect directors.
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Perpetual Existence →
LLC‘s can be either perpetual or have a finite end date. The existence term of an LLC is usually documented in the operating agreement of the company. Some states require on the article of organization to list a termination date or list a perpetual existance. If perpetual, the company will continue to exist if the member(s) die or if member(s) interests are transferred.
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Year Compliance Requirements →
Most states require LLC‘s to file an annual report or pay a franchise tax on a yearly or biennial basis. Some states do not require any filings.
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Raising Capital →
Since LLC‘s do not have stock to issue they can not sell stock to raise capital. LLC‘s are a separate legal entity and can earn credit, they can also obtain bank loans to raise capital. LLC‘s can get capital from existing member(s) or take on additional member(s) if approved in their operating agreement.
C-Corp
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Liability Protection →
C-Corps provide personal liability and asset protection. Officers, Directors, and Shareholders are not held personally liable for the debts of the company.
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Pass Through Taxation →
C-Corps are double taxed. The company is taxed at the corporate level and dividends distributed to share holders are taxed as well.
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State Filing Fees →
Although fees vary by state, C-Corps are required to pay a filing fee along with the articles of incorporation to set up an C-Corp.
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Complex Management Structure →
C-Corps have shareholders, directors and officers. The shareholders are the owners of the company. The directors are elected by the shareholders and they appoint/elect officers to run the day to day activities of the business. People can hold multiple offices. A C-Corp can have one person who is the only shareholder, directors and officer.
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Formal Business Structure →
C-Corps have a very formal structure. C-Corps are required to have bylaws, hold annual meetings, document minutes of meetings, issue stock and elect directors. Failure to comply with these formalities could cause the corporate veil to be pierced.
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Perpetual Existence →
C-Corps are a separate legal entity and have a perpetual existence. The corporation survives death and the transferring of stock by the shareholders.
-
Year Compliance Requirements →
Most states require C-Corps to file a annual report or pay franchise taxes on a yearly or biennially timeline. These fees can range from $10-$1,000 depending on state guidelines Some states do not require any filings.
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Raising Capital →
C-Corps can raise capital through selling various types of stock. Once someone purchases stock, they become a shareholder and business owner. Since C-Corps are a separate legal entity and can earn credit they can also obtain bank loans to raise capital.
S-Corp
-
Liability Protection →
S-Corps provide personal liability and asset protection. Officers, Directors and Shareholders are not held personally liable for the debts of the company.
-
Pass Through Taxation →
S-Corps are not taxed at the Corporate level. The profits and losses pass through to the shareholders to report with their personal income tax.
-
State Filing Fees →
Although fees vary by state, S-Corps are required to pay a filing fee along with the articles of incorporation to set up an S-Corp.
-
Complex Management Structure →
S-Corps have shareholders, directors and officers. The shareholders are the owners of the company. The directors are elected by the shareholders and they appoint/elect officers to run the day to day activities of the business. People can hold multiple offices. A S-Corp can have one person who is the only shareholder, director and officer.
-
Formal Business Structure →
S-Corps have a very formal structure. S-Corps are required to have bylaws, hold annual meetings, document minutes of meetings, issue stock and elect directors. Failure to comply with these formalities could cause the corporate veil to be pierced.
-
Perpetual Existence →
S-Corps are a separate legal entity and have a perpetual existence. The corporation survives death and the transferring of stock by the shareholders.
-
Year Compliance Requirements →
Most states require S-Corps to file a annual report or pay franchise taxes on a yearly or biennially timeline. These fees can range from $10-$1,000 depending on state guidelines. Only a handful of states do not have a annual or biennial filing requirement.
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Raising Capital →
S-Corps can raise capital through selling various types of stock. Once someone purchases stock, they become a shareholder and business owner. Since S-Corps are a separate legal entity and can earn credit they can also obtain bank loans to raise capital.
DBA
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Liability Protection →
Owners have no personal liability or asset protection. Owners are held personally liable for the debts of the company.
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Pass Through Taxation →
DBAs are not taxed at the corporate level. Profits and losses are reported by the owner/owners with their personal income taxes.
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State Filing Fees →
Most DBA filings are done at the county level and do not require a state formation fee. Some states do require a state level registration and filing fee.
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Complex Management Structure →
DBA owner/owners run ALL day to day activates of the company and have no restrictions within their role.
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Formal Business Structure →
No corporate formalities are required.
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Perpetual Existence →
A DBA ends with the death of the owner(s) or upon closing the business.
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Year Compliance Requirements →
No ongoing maintenance or yearly filing requirements.
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Raising Capital →
Capital is generally raised through bank loans since DBAs can not issue stock.