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Category: LLCs

Adding A Member to Your Single Member LLC

Adding A Member to Your Single Member LLC

Adding a member to your LLC is a big step in the growth of your business. Perhaps your looking to gain a partner in the business. Or you have an investor ready to invest cash to help it grow and expand. Or perhaps you have a dedicated employee who you liked to reward or recognized for their years of hard work. Don’t take this process lightly. There are many legal and tax consequences to contend with if not done correctly….

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Home Based Business Start Up Guide

Home Based Business Start Up Guide

Home-based businesses are part of the American entrepreneurial spirit. Disney, Apple, Microsoft, Google, and Amazon are just a handful of companies which got their start in a garage. If you’re thinking about starting a home-based business, use the guide below to assist you before investing your time, money and effort, in your new venture. Even if your home-based business has been up and running a while, use the guide to give your business a quick audit. Choose Business Entity One…

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Know These 8 Extremely Dull Boilerplate Clauses

Know These 8 Extremely Dull Boilerplate Clauses

They’re in almost every contract. In boilerplate. Written in legalese, making it worse. Glazing over your eyes from reading and trying to make sense of the parties to the contract, their obligations, and responsibilities. Peppered throughout, but more heavily at the end when you’ve read enough, there’s these handful of terms you’ve seen before in boilerplate. So instead of reading them carefully, and paying close attention you skim. A single change to these boilerplate clauses can have significant impacts to…

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Anonymous LLCs And Your Privacy

Anonymous LLCs And Your Privacy

Simply defined an anonymous LLC is a limited liability company whose members are not publicly identifiable. By not disclosing to the Colorado Secretary of State ownership information, owners are able to maintain their privacy. Individual owners are able to have their business affairs remain confidential, as well as avoid harassment by sales persons or members of the public. The state of Colorado does not require members of an LLC to be publicly identifiable. Benefits An attorney creates an anonymous LLC…

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Start-up LLC Check List

Start-up LLC Check List

New LLC Starting an LLC can be a daunting process, and getting off on the right foot is important. Moreover, in the event you get sued or audited, the court will look to see if the LLC is conducting itself as its own separate entity rather than an alter ego of you personally. If the court does find the LLC is an alter ego of yourself, then you will be held personally liable for instead of the start-up LLC. Similarly,…

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