Blog

An LLC can have zero revenue and still face a federal filing requirement. What it files depends on its federal tax classification, activity, and any tax election [1] [2]. People use “no income” to mean either no sales or no profit after expenses. Those are not the same. Before deciding not to file, identify the tax classification and reconcile the year's income and expenses. State reports,... Read more >

An LLC does not have one nationwide expiration date. Its lifespan depends on the formation state’s law, the company’s filed documents and operating agreement, and whether it meets continuing requirements. Some LLCs have perpetual duration, while others have a fixed term or dissolution event. Perpetual duration does not mean the business can ignore filings or taxes. The SBA describes the... Read more >

Changing your Florida LLC's name means filing Articles of Amendment to Articles of Organization with the Division of Corporations. The filing fee is $25, and it only goes in by mail or in person, since Florida doesn't take amendments online. Florida doesn't publish a fixed number of days for processing either. It keeps a running Document Processing Dates page instead, showing which received date... Read more >

To change your Ohio LLC's name, you file Form 611 with the Ohio Secretary of State. The fee is $50, and you can file online through Ohio Business Central or by mail. Regular processing takes about three to seven business days. Changing the name doesn't touch anything else about your LLC. Your EIN, formation date and statutory agent stay exactly the same unless you update them on purpose. What... Read more >

Changing a corporation to an LLC is not a single nationwide filing. The route depends on the formation state, the corporation type, and the proposed LLC jurisdiction; the California Secretary of State’s conversion guidance illustrates state-specific eligibility.State approval and federal tax treatment are separate questions. Review both before committing to a conversion, because a change in tax... Read more >

To change your LLC's name in California, you file Form LLC-2-NA, the Amendment to Articles of Organization for a name-only change, with the California Secretary of State and pay a $30 filing fee. You can file online, by mail or in person, and the state doesn't publish a fixed processing time. Your name change doesn't touch anything else about the LLC. You keep the same EIN, the same entity... Read more >

Changing LLC members can mean admitting a new owner, a member leaving, a sale or assignment of an interest, a change in ownership percentages, or a change in management. Name the transaction first; a manager-only change does not itself make someone an LLC member.Then confirm who must approve it, what document records it, whether a state filing is required, and how the federal tax classification... Read more >

An investment LLC is a state-law LLC formed to own or manage investments such as real estate, securities, or an interest in another business. “Investment LLC” describes the company’s purpose; it is not a separate entity type or federal tax status. An LLC does not make investment profits tax-free or guarantee that an owner’s personal assets are protected. Tax treatment, contracts, state... Read more >

Dissolving an LLC in Texas means filing the Certificate of Termination, Form 651, with the Secretary of State for a $40 fee. Before the state accepts that filing, you also need a Certificate of Account Status from the Texas Comptroller. It proves your franchise tax account is current. This guide covers the voluntary dissolution of a domestic Texas LLC. That's an LLC that members choose to close... Read more >

Buying an LLC can mean purchasing its membership interests or buying selected assets and contracts from the business. The difference affects what you acquire, which liabilities may follow, how consent is obtained, and how the transaction is taxed.Complete due diligence before committing to the purchase price. Verify the company’s identity, ownership, financial records, contracts, taxes,... Read more >

IRS Form W-9 gives a payer the information needed to report certain payments to the IRS. The payer, not the IRS, usually asks you for it.For an LLC, focus on the name on line 1, the federal tax classification on line 3a, and the TIN that matches line 1. Use the current IRS form before signing, and send it to the requester rather than the IRS. Read more >

A domestic multi-member LLC generally defaults to partnership tax treatment unless it elects corporate treatment [1]. If it is taxed as a partnership, the LLC generally files Form 1065 and gives each partner a Schedule K-1. Partners report the K-1 items on the tax returns that apply to them. Here is the filing sequence, the important deadlines, and what changes when the LLC has employees. Read more >