Business Formation & Compliance

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  • Compliance

    Many people have the wrong idea about how important
    paperwork and LLCs are. No matter if your company is a Corporation or an LLC,
    you must keep records of what it does.

     

    NOTE: When you start a business, you will have to keep
    official records. You must keep track of minutes, resolutions, annual filings,
    tax returns, quarterly statements, employment agreements, operating agreements,
    and local and county licenses.

  • Commonly Made Mistakes

    NOTE: The legality of the LLC is dependent on the paperwork
    supporting it. Do not play yourself into thinking you will not have to show
    that the LLC is being run seriously.

  • Members of a LLC

    Members of a limited liability company (LLC)
    provide a function comparable to that of shareholders in a corporation. An LLC
    can have anyone as a member, unlike an S-Corporation, which has restrictions on
    the type and number of stockholders.