A limited liability company, or LLC, is the same no matter the state. Once an LLC has been registered, the way it operates and handles taxes follows similar general guidelines. However, the exact way an LLC operates, and the details of its financing, differ from one state to the next. This means that details like..
If a company conducts some of its business in another state, it may be free and legal. However, if the amount of business done crosses a certain threshold, things change. The state, or states, may decide a business is running within the state, requiring authorization in the form of “foreign qualification.” Here is when a..
A Limited Liability Company (LLC) is a business structure that separates its owners from the business. This structure allows business owners to maintain control of the business while avoiding personal liability for business debts. To form an LLC, you need to file paperwork with the state where your business is located. The process of filing..
The most successful businesses are built on trust, whether the trust of individual customers coming in to purchase a product or service or clients who have enjoyed a certain level of quality and keep coming back to a proven reliable business. However, this trust, while built on the reputation and practices of the companies, is..
As the state of business changes, so may the corporate status that the business currently holds. It’s not unusual for a limited liability company, or LLC, for example, to go the business conversion route of changing their structure to a corporation or vice versa. However, in some cases, corporations may decide to switch to LLC..
Staying within federal, state, county, or city/town corporate compliance is crucial to a business remaining in good standing with the government and being allowed to operate legally and with a clean reputation. However, staying compliant can sometimes require the participation of all levels of a business. Keeping a license valid and remembering to renew it..
The goal of any business is to succeed, and part of the success process is growth. There may come a time when a company expands operations, requiring a bigger workspace, then eventually requiring more workspaces within the city, the state, and finally, other cities or towns in other states entirely. However, to operate a branch..
Society, in general, and business, in particular, is governed by rules and the expectation that those rules will be followed. This is especially important for companies because a successful business generates much revenue but must also manage employees while providing a product or service to clients that should be safe and beneficial to use. One..
One of the metrics of success for any business is growth and the need to branch out and begin operations in other areas. In the beginning, this may be a comparatively simple process. Opening another office in a different part of the city, or even another city within the state, is a simple matter of..
A business such as an LLC or a corporation can be dissolved for several reasons. The owners may decide it is time to dissolve the company’s status. In other cases, outside factors, such as a government agency, say that administrative requirements—like licensing—have failed to be met, negating the LLC or corporate status. However, dissolving the..