Our CPA Blog

Topics that help our customers.

Can you use corporation at the end of your business name if you are an LLC

Aug 26,2017 at 03:07 am

Each state may have different rules. Most states in their LLC application form and instructions, will provide you details of acceptable names/words that can be used.

For eg: In Texas, form 205 LLC application form - first line states Limited liability company, Limited company or an abbrevi...

[Read More]

Is there a way to avoid paying California LLC franchise tax if there was no income generated by the business

Aug 26,2017 at 03:04 am

As long as you are registered as LLC in California & LLC member, you are required to pay $800 franchise tax fees. There are no exceptions.

Sole proprietors do not pay LLC tax but it has many risks including personal assets may be liable to pay your business debts etc. Its not worth the...

[Read More]

Do you need to register LLC or some other type of business in order to drop ship/dropshipping business

Aug 26,2017 at 03:01 am

It is not necessary to form LLC to get started. You can always register once your business grows. However, just from a business standpoint, your personal assets can be used to pay business debts if any.

Therefore, many chose to just start an LLC. Also, as your business grows you can opt fo...

[Read More]

How should you pay taxes for remainder of the year to make up for lack of paying federal taxes thus far?

Aug 26,2017 at 02:58 am

If you are an employee, you can complete the form W4 and hand it over to your payroll department. Your employer will withhold taxes for you.

If you are self-employed or as a 1099 contractor, then you need to calculate your estimated taxes 1040-ES is the form.

We highly recommend con...

[Read More]

Which states in the United states have the lowest overall fees for incorporating and maintaining a LLC for a non-resident

Aug 26,2017 at 02:55 am

 

There are many states that have low LLC state filing fees like Arizona, New Mexico, Ohio, Mississippi, Missouri. ($50-$100 range)

However, for most non-residents, Delaware is very popular. This is because of the well established business law processes & procedures in Delaware...

[Read More]