I posted recently about how to pay yourself in a single-member LLC, and now we’re going to cover how to pay yourself in an S Corporation. There are virtually zero rules or requirements when it comes to paying yourself in a single-member LLC. But paying yourself...
The S Corporation can be a powerful tax-savings tool for many small businesses. But despite its popularity, there is still a lot of confusion surrounding S Corporations. Let’s smash a few common myths about S Corps: Myth #1: S Corporations are a great...
How to Dissolve an LLC Here are a few of the important steps to dissolve an LLC: Check the Operating Agreement. Most Operating Agreements will describe the process that needs to be taken to dissolve the LLC. The Operating Agreement will how, when, and the process by...
DUNS Numbers What are DUNS numbers? And does your business need one? A DUNS number is a unique 9-digit identification number that is issued by Dun & Bradstreet. Businesses are not required to obtain a DUNS number, though it may be beneficial for some. Establish...
How to Fill Out a W9 If you perform any work as an independent contractor, you will undoubtedly be asked to provide customers with a W9. Businesses are required to submit a form 1099-MISC for contractors that have been paid $600 or more during the year. The contractor...
How to Write an LLC Operating Agreement I am not shy when it comes to emphasizing the importance of an Operating Agreement in an LLC. The Operating Agreement describes the business operations of the LLC and sets forth the agreement of the LLC’s owners (the...
