Andrew Young

Andrew Young

39 Author´s Articles

How much is it to register an LLC?

So you’re ready to start your business. Congratulations! You have a lot of options.According to Forbes, the United...

Do small businesses use llc's?

Many small businesses are organized as limited liability companies, or LLCs, because an LLC offers the same liability...

Does incorporation save money on taxes?

Does incorporation save money on taxes?

Any LLC can elect to be treated as a corporation for tax purposes by filing IRS Form 8832, Entity Classification...

How do corporations reduce taxable income?

How do corporations reduce taxable income?

By separating salary from business profits, the owner saves a small amount in taxes by avoiding payroll taxes on the...

Forming an LLC: Can You Do It Alone?

Forming an LLC: Can You Do It Alone?

When starting a business, one of the first decisions you need to make is what type of legal structure to use. Many...

What are the advantages of a public limited company?

What are the advantages of a public limited company?

For a corporation, members are not personally responsible for the actions of the company. Another distinguishing feature...

Why should I incorporate?

Why should I incorporate?

If you have a business, whether it is a sole proprietorship or a partnership, you should seriously consider forming it...

Do corporations really protect you?

Do corporations really protect you?

In all states, having an LLC will protect owners from personal liability for any wrongdoing committed by co-owners or...

What happens if an LLC is created and is not used?

Even if an inactive LLC has no income or expenses for a year, it may still have to file a federal income tax return. LLC...

Where are the cheapest states for an LLC

One of the most common reasons for forming a new business is to look for a cheaper place to do business. It is an...

Can i set up a limited liability company for free?

One of the most frequently asked questions we encounter is: "How much does it cost to set up an LLC?" This question is...

Is it worth setting up a limited liability company?

Probably the most obvious advantage of forming an LLC is the protection of your personal assets by limiting liability to...

Is it worth forming a limited liability company?

Is it worth forming a limited liability company?

What is an LLC?An LLC, or a limited liability company, is a type of legal business structure that allows a business owner ...

Does a limited company protect me personally?

Like the shareholders of a corporation, all LLC owners are protected from personal liability for the debts and claims of...

What security does a public limited company have?

Understanding the limited liability protection of an LLC The owners' personal assets, such as cars, houses and bank...

What is the cheapest way to set up an LLC?

What is the cheapest way to set up an LLC?

Setting up an LLC is the first step in getting your business off the ground. Many startup entrepreneurs make the mistake...

Do the self-employed pay less tax?

Owners of an LLC choose to reduce their individual self-employment tax burden by electing to have the LLC treated as a...

How much can be deducted in corporation tax?

How much can be deducted in corporation tax?

The Internal Revenue Service (IRS) limits the amount you can deduct for LLC start-up expenses. Under the uniform...

Who should incorporate a limited liability company?

Who should incorporate a limited liability company?

Anyone starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is ...

Who can incorporate a limited liability company?

A limited liability company (LLC) is a legal business entity that offers certain liability protection (like a...

Does a corporation reduce its taxes?

Does a corporation reduce its taxes?

 Entrepreneurship is a lucrative career that can come with tax benefits.Many entrepreneurs wonder as to whether it...

Is an LLC the best way to set up a company?

Setting up a limited liability company (LLC) is the best business structure for most small businesses because they are...

When to Form an LLC: A Comprehensive Guide for Business Owners

When to Form an LLC: A Comprehensive Guide for Business Owners

As a business owner, one of the most important decisions you will make is choosing the right legal structure for your...

What is the cheapest way to obtain a limited company?

Filing on your own is usually the cheapest option, but completing all the forms and filing them yourself can be...

Why is an llc a good option for owning a business?

Why is an llc a good option for owning a business?

The simple and adaptable business structure of an LLC is perfect for many small businesses. While both corporations and...

What is the disadvantage of a limited liability company?

States charge an initial incorporation fee. Understanding the disadvantages of an LLC is important in determining the...

When to incorporate?

The creation of an LLC has several advantages that may or may not be important to a business owner. But, regardless of...

Is an llc worthwhile for a small business?

Setting up a limited liability company (LLC) is the best business structure for most small businesses because they are...

Is it worth having a limited liability company?

Probably the most obvious advantage of forming an LLC is the protection of your personal assets by limiting liability to...