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New Hampshire has no state income tax on wages or general sales tax. Your LLC can still owe the state's Business Profits Tax (7.5%) and Business Enterprise Tax (0.55%) to the NH DRA once you cross the current thresholds.Single-member LLCs file federal Form 1040, and multi-member LLCs file Form 1065. Either type can choose S-corp or C-corp tax treatment through an IRS election instead.This... Read more >

Wyoming has no personal or corporate income tax, so your LLC never files a state income tax return. Single-member LLCs use Schedule C with Form 1040, multi-member LLCs use Form 1065 and S-corp or C-corp elections use Form 1120-S or Form 1120.This page covers what Wyoming still asks of your LLC. That means the Annual Report license tax, sales and use tax if you sell taxable goods and the federal... Read more >

Virginia LLC owners close their company by filing Articles of Cancellation (Form LLC1050) with the State Corporation Commission. The filing fee is $25. You won't need a tax clearance certificate or a notary before you file.This guide covers voluntary dissolution, for a domestic Virginia LLC closed by a vote of its members. A foreign LLC withdraws using a different form, covered in the FAQ below. Read more >

Just as business insurance protects against property damage, employee injuries, liability claims, and legal conflicts, choosing the right DBA (Doing Business As) filing service is pivotal for entrepreneurs.Collaborating with a team of business advisors with over a decade of experience, I've delved into DBA filing services.I leverage over a decade of expertise in business advisory to guide... Read more >

Innovative Strategies Companies are Using to Attract and Retain Employees In today's job market it's a challenge for companies, in all sectors to attract and keep the best talent. The focus is shifting towards making sure employees are happy, healthy and have opportunities for career advancement.Companies are always on the lookout for ways to not just bring in talent but also make sure they... Read more >

A West Virginia LLC files its state tax return based on how the IRS classifies it. Single-member LLCs report through the owner's personal Form IT-140. Multi-member LLCs and S-corp elections file Form PTE-100, and C-corp elections file Form CIT-120.This page walks through West Virginia's current income tax rates and the Elective Pass-Through Entity Tax. It also covers the state taxes an LLC... Read more >

Florida does not require an LLC operating agreement. You can adopt one under the Florida Revised LLC Act, Chapter 605. Skip it, and the state's default rules govern your LLC instead. Free member-managed and manager-managed templates are below.Florida splits profits by each member's contribution instead of equal shares by default, so members who put in different amounts don't split profits... Read more >

A single-member New York LLC reports its income on the owner's personal return, and a multi-member LLC files Form IT-204.Both owe New York's annual LLC filing fee once they have New York-source income to report, and an S-corp election adds Form CT-6 while a C-corp election means filing Form CT-3.This page walks through the state form each LLC type files, the current New York tax rates and the... Read more >

Iowa doesn't require your LLC to have an operating agreement. Skip one, and state rules run your business instead of your own terms. The free templates below give you a fast start.Those rules split profits equally between members. It doesn't matter who put in more money. They also need every member to agree before you can change the deal. Founders often want different terms, and Iowa lets you... Read more >

Nevada charges no state income tax. Filing LLC taxes here means federal forms only. A single-member LLC uses Schedule C, and a multi-member LLC files Form 1065. An S-corp or C-corp election files Form 1120-S or Form 1120 with the IRS.This page covers Nevada's Commerce Tax, sales and use tax, payroll tax and the Secretary of State's Annual List and Business License fee, the state-level pieces... Read more >

California doesn't require an LLC operating agreement. You don't have to write one down. You don't have to file it with the state. Free member-managed and manager-managed templates are below.Skip one, and California's default rules take over instead. Those rules split profits by how much each member put in. They don't look at how much work each member does. Every member also has to agree before... Read more >