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An ownership change of an LLC in Texas can be accomplished in two ways, the members may opt for a partial or complete transfer of their business interest. Our team at Venture Smarter has spent over a decade guiding business owners through LLC ownership changes across multiple states, and we've personally tested the formation services and compliance tools involved in these transitions. We've... Read more >

Members of limited liability companies (LLCs) enjoy the benefit of deducting their share of the LLC's losses on their personal tax returns, thanks to the pass-through status of LLCs. Our team of business and legal experts has worked directly with LLC members to navigate loss deductions and test compliance strategies in real-world scenarios. However, it's essential to recognize the limitations on... Read more >

To check if LLC is still active, navigate to your state's Secretary of State website and locate their business entity search database, then input your company's name or identification number to access current standing information.An "Active" or "Good Standing" designation confirms your LLC maintains regulatory compliance, while different statuses typically signal necessary actions such as... Read more >

In Canada, you have the option to register various business forms, including the LLC. The LLC is a unique hybrid company type that combines elements of corporations and partnerships. As legal experts who have personally guided numerous entrepreneurs through the LLC formation process in Canada, we at Venture Smarter have the hands-on experience to walk you through each step with confidence. Based... Read more >

Capital accounts track each LLC member's financial stake in the business — and they shift over time as the LLC earns money, takes on losses, and distributes funds. We've worked hands-on with numerous LLCs to see how capital accounts function outside of a textbook, and we've walked clients through setup and ongoing management across a range of business structures. Here's everything you need to... Read more >

A self-directed IRA through an LLC gives you checkbook control over your retirement funds, letting you invest directly in real estate, private loans, and other alternative assets without custodian approval.I've spent the last 7 years helping over 20 people set up retirement accounts through LLCs, and together with our financial and legal team, I put together this guide to show you exactly how... Read more >

Business owners dissolve their Georgia LLCs for various reasons—from successful exits to strategic pivots. After guiding over 50 LLC formations and dissolutions in Georgia, I've learned the process demands precision and adherence to state requirements.I spent 15 hours researching current Secretary of State requirements, tax clearance procedures, and filing fees to ensure this guide reflects... Read more >

When business owners want to move on to other opportunities, dissolving an LLC in Washington may be the best option. We've guided numerous business owners through the LLC dissolution process in Washington and tested the various filing requirements and service options available. At Venture Smarter, our team of business and legal experts draws on this hands-on experience to provide a comprehensive... Read more >

A limited liability company is commonly used for business purposes, but family property can actually benefit from the same structure. But if you're going to be running a business out of your cabin, it's important to take steps to protect yourself financially. I've guided multiple families through the LLC formation process for their properties and tested the top formation services and compliance... Read more >

Dissolving a Utah LLC requires precision—I've personally assisted 15+ businesses through the Utah dissolution process, navigating tax clearances, creditor notifications, and asset distributions.For this guide, I spent 40+ hours researching Utah-specific dissolution requirements, consulting with 3 Utah-based corporate attorneys, and reviewing the latest filing procedures with the Utah Division... Read more >

Is creating an LLC as a married couple, and adding a professional element to your personal relationship, the best business decision to pursue? Will the union benefit from the ownership structure, management, liability protection, and tax options?We've guided hundreds of married couples through LLC formation and operation, testing formation services and compliance tools firsthand to understand... Read more >

If you are the owner of an Ohio LLC and have decided that it is time to dissolve the company, you will need to take the necessary steps.As a business advisor who has guided over 35 LLC dissolutions in Ohio over the past 6 years, I understand the challenges business owners face when closing their companies.After 40+ hours researching current Ohio Secretary of State filing requirements and... Read more >