Feb
7
Anes & Rincon : First Year LLC Anniversary
February 7, 2008 | Comments Off
Today is the first anniversary of Anes & Rincon LLC. It has been a very exciting year that started with a call from an overseas partner requesting some help and me having to start a corporation overnight.
We have had tremendous success last year. We have big hopes for 2008, albeit so far [...]
Feb
7
LLC Partnership Taxes: 1065 and K-1
February 7, 2008 | 1 Comment
A Limited Liability Corporation (LLC) can be treated as an S-Corporation or as a Partnership by the Federal Government Internal Revenue Service (IRS) (you fill out form 8832 to classify it as Partnership). When I established my LLC I made it a Partnership: a very flexible arrangement that allows me to divide the earnings [...]
Feb
6
LLC Annual Report In Massachusetts
February 6, 2008 | Comments Off
Massachusetts requires Limited Liability Corporations to present an Annual Report every year, on or before the anniversary date of the corporation. They request you to confirm the information you entered at the time of registration or amendment. And they leave you space to inform the state and your LLC members of any other important information [...]
Feb
5
Small Business Credit : DUN Numbers : Dun & Bradstreet
February 5, 2008 | 1 Comment
One of the benefits of incorporating is separating your personal liability from your business liability. Banks, however, do not like to loan to small business as easily as they do to people. People have a credit history and a capacity to earn money: and they try not to cease to exist when [...]
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