LLC vs. S-Corp (hint: you may want both) Which is right for you? An LLC or an S-Corp, or maybe neither? (Hint: the answer could be both) This article covers the benefits and drawbacks of each entity, as well as the benefits and drawbacks of doing business as a sole proprietor or regular corporation, also … Continue reading “LLC vs. S-Corp: Which is right for you?”
Read MoreDon’t underestimate the potential of a side project (or “side hustle” as they’re commonly known): many multi-million dollar companies started as side projects. Twitter, Craigslist, Slack, Groupon all started as a side project. Typical Side Company Setup Most people simply work on their side project while they still have a job and then if it … Continue reading “How to Create a Company to Manage (and Protect) Your Side Projects”
Read MoreThe new tax law, called the “Tax Cut and Jobs Act” (TCJA), was signed into law on December 22, 2017 and is the largest overhaul of the US tax system since 1986. The bill is huge, and actually, in our opinion, makes many aspects of the tax code more complex rather than simpler. Some of … Continue reading “How the New 2018 Tax Law affects Small Business Owners”
Read MoreHistory: An Apostille is a certification from a US Federal or State government that allows a document from that office to be accepted in any of the countries that have signed the Apostille Convention adopted on October 5th, 1961. In the United States this typically is the Secretary of State in each US state or the US … Continue reading “How to Get an Apostille (or Certificate of Authentication) for your USA Corporation or LLC Documents”
Read MoreMyCompanyWorks would like to introduce our newest exclusive product: The Startup Wizard. The Startup Wizard is like a startup checklist on steroids and is personalized to your specific business entity type and state. We used to provide our clients with a state-specific checklist in PDF format that shows them all of the “post-formation” tasks they … Continue reading “Introducing the Startup Wizard”
Read MoreOne of our most frequent requests or inquiries is how to be “anonymous” or at least not have your name on public records when forming your company. With modern websites like CorporationWiki and state databases, the names of company owners are not only searchable but openly pushed into search results of search engines like Google. … Continue reading “The New Mexico LLC – The Most Private Entity in the USA”
Read MoreIf you’re thinking about incorporating or forming your LLC in Wyoming or Delaware, you might be wondering which state to choose and why. Both offer a “business-friendly” environment but each has different benefits–and drawbacks–depending on factors such as your type of entity, your industry and the size of your company. For example, many larger corporations … Continue reading “Incorporate or Form an LLC: Wyoming vs. Delaware”
Read MoreOur main business is forming LLC’s and Corporations so we’ve seen how an LLC formation can go wrong in many ways. Here are a few we’ve encountered (and sometimes had to clean up either from people or our competitor’s clients): I filed it myself! – I think the Do-It-Yourself mentality is crucial for a startup with … Continue reading “How to Mess Up Your LLC Formation”
Read MoreI will be the first to admit that the incorporation industry does not always have the best business practices or clarity. We’re based in Nevada and frankly, some of the other firms that operate here should be shut down or have their owners put in jail (and some have!). Here’s a list of common scams, … Continue reading “Incorporation Service Scams and Lies”
Read MoreBusinessWeek has an Article Posted on who is responsible for settling an LLC’s debts after a Dissolution: Creditors of a valid LLC can collect only from the assets of the company, not personal assets or wages, and garnishments cannot be used against wages unless a money judgment has been awarded in court. However, this is … Continue reading “Maintaining Your LLC Liability Protection”
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