Professional Corporation vs LLC (Differences and Requirements)

Professional Corporation vs LLC

If you want to run your own business, you may wonder about the differences between establishing a professional corporation vs. LLC. If so, I am here to help. Usually, start-ups benefit from establishing a professional corporation while small businesses realize more advantages when establishing an LLC. 

However, there is no cut-and-dried decision when it comes to forming a corporation or LLC. You need to review the differences and requirements for each entity. 

I can help you in the decision-making process. You will need a top business attorney with my skills and knowledge to help you create the right business entity for your company. Contact me for guidance at sam@mollaeilaw.com anytime.

Before you decide, you will want to read the following article. It can help you clarify the distinctions between owning a professional corporation vs. LLC small business. The information below will help tune you in on what each entity offers for the small business owner or entrepreneur.

 

Reviewing a Professional Corporation vs. LLC Business Formation – Which Is Better?

When you review the benefits of a professional corporation vs.

What is an LLC Business? (Benefits & Disadvantages!) (2020)

“What is an LLC business?” This is a question I regularly answer in blogs and in-person. If you want to learn more about an LLC business formation, I can help you get your questions addressed and answered.

Simply contact me at sam@mollaeilaw.com for all the details. Shoot me an email today and we can determine if an LLC business formation is right for your company.

In the meantime, if you want to answer the question, “What is an LLC business?” you should read the following content to get a better idea of why this type of business entity is popular among both older and newer companies, especially companies that are newly established or are in the planning stage. 

 

What Is an LLC Business and What Makes It Different than Other Entities?

To learn more about the benefits and disadvantages of this type of business entity, answering the question, “What is an LLC business?” is essential. LLC is short for Limited Liability Company – a legal entity that is separate from a company’s owner. 

How to Dissolve an LLC in Delaware

Sometimes business people find it necessary to dissolve LLC Delaware companies. While this form of LLC is often a preferred business entity, certain events can happen that require the company to be dissolved. 

Sometimes members feel that they should change the LLC to a corporation, or one of the partners leaves or dies. Whatever the reason for the business closing, you need to follow specific steps to avoid paying annual fees or taxes.

I can help you with any legal work for business people who wish to dissolve LLC Delaware companies. You can obtain my advice and assistance anytime. Simply email me at sam@mollaeilaw.com to get the legal support you need.

 

How Do You Dissolve LLC Delaware Businesses?

To learn how to dissolve LLC Delaware companies, you need to first fill out a certificate of cancellation. This form is completed with the Delaware Department of State.

You can complete the cancellation in person, at the office, by mail, or by fax. You should include the filing fee with the document.

How to Dissolve an LLC in Texas

To dissolve LLC Texas companies, owners have to follow specific steps. Dissolving an LLC in Texas may be done for one of several reasons. 

I can help you with winding up your limited liability company, or LLC in Texas. You can easily email me at sam@mollaeilaw.com for all the details and information.

While an LLC is usually established for an unlimited time, sometimes the business needs to be dissolved or formally terminated to avoid paying further taxes or filing annual reports. Otherwise, the LLC owner can be sued.

 

Why Dissolve LLC Texas Companies?

The decision to dissolve LLC Texas companies may be based on the following:

  • A reduced cash flow
  • Problems with managing the business
  • Poor accounting practices
  • A failure with respect to succession planning
  • Disagreements between partners
  • A defective product or products

Another reason for dissolution may involve creating a new entity.

How to Convert a Sole Proprietorship to an LLC in California (2020)

If you want to convert a sole proprietorship to LLC in California, you can do so with my help. I am well-versed in all types of entity formations. Therefore, I can assist you in making this type of business conversion.

Just email me at sam@mollaeilaw.com anytime. I can guide you in making a change that will protect you legally and financially.

Usually, converting a sole proprietorship to LLC in California will bode well for you, as it will enable you to make money with less legal and financial worries. The idea of making this change is to protect you from getting sued and to protect your personal assets. 

 

How Setting Up an LLC Can Help

When you set up an LLC with my help, you can do the following:

  • Limit liability
  • Manage your business more easily
  • Enjoy pass-through taxation, or pay taxes on your personal tax returns, avoiding problems with double taxation
  • Enjoy added privacy,

How to Dissolve an LLC in Florida

If you want to know how to dissolve Florida businesses, you have come to the right place. I can help you with your decision to stop operating as an LLC business. Just contact me at sam@mollaeilaw.com for all the details today. 

 

What Is an LLC?

According to the IRS definition, an LLC is a business entity that is set up by the statues of a state. When you need to dissolve your LLC business, you cannot simply liquidate and sell the company’s assets nor tell customers about your decision to dissolve.

You need to follow a certain legal process, established by state legislation.

Therefore, the dissolution of an LLC is different in different states. However, I can show you several general steps to take, regardless of where the LLC is based.

Just ask me about the details on how to dissolve LLC Florida companies by email or by phone. Contact me, at your convenience, at sam@mollaeilaw.com

How to Close an LLC (And Not Get Burned)

Closing an LLC can be done for various reasons. Usually, an LLC goes through a business lifecycle – it is established, business is conducted, and it terminates. Unlike corporations, the business usually will not go on forever – a trait known as perpetual duration.

I can assist you with closing an LLC or forming an LLC. It is your choice. Before you make either decision, find out more about the dissolution of an LLC business.

Schedule an appointment with me, at your convenience, so you can make this transition easier. Contact me at sam@mollaeilaw.com today.

 

Can Closing an LLC Hurt You Financially?

When you plan on closing an LLC, you will need to comply with the operating agreement that was established – a contract that set forth when and how your LLC will close. The operating agreement is designed to outline liquidation and how the remaining assets are distributed to members. 

If you don’t have an operating agreement in place, you will need to follow your state’s statue with respect to default.

How to Dissolve an LLC in New York

For anyone who decides to dissolve LLC New York companies, they will need expert legal advice. I can help you with your decision to liquidate and close your company. 

You have to follow certain procedures to dissolve your LLC in New York.  Otherwise, you can get sued or get in trouble legally and financially.

Don’t try to take on this type of activity yourself. You need to rely on competent legal support. I can give you the guidance you need to realize a successful dissolution. You can contact me anytime at sam@mollaeilaw.com for all the details.

 

What Business People Should Know Who Dissolve LLC New York Companies

Every state has its own laws with respect to dissolving LLCs. New York is no exception. Owners that dissolve LLC New York companies must follow certain guidelines.

These guidelines have been established so a business closing becomes a more orderly process.

Again, you will find that you simply cannot shut your doors and close your company. You need to follow certain steps so the Departments of State will officially recognize your LLC’s dissolution.

Do Uber Drivers Need an LLC? (The Answer Is….)

Do I need an LLC as an Uber Driver? What tax form do I use for Uber?

The one downside of being an independent contractor is that you don’t have a proper employer to handle your tax situation or protect you in the event of a lawsuit.

Luckily, you don’t need an employer to enjoy being an independent Uber Driver and have the best of both worlds.

Setting up an LLC is simple to do, and comes with many benefits that will set your Uber Driver business up for success.

What are those benefits?

How do you set up an Uber LLC?

Should you form an LLC for your new rideshare business?

Keep reading below so I can answer all these questions and more to tell you how setting up an LLC is right for you.

If you have any questions about how to set up that LLC, or if you’re ready to get started today, email me at any time at sam@mollaeilaw.com.

What is an LLC?

An LLC is a business structure that separates your business and personal assets which comes with many legal and financial advantages.

#1 Reason to Have LLC for Rental Property

 

If you have rental property, you need to make sure you have the right business structure to protect yourself and your profits.

I have helped hundreds of real estate investors set up their LLC for rental property so they can avail of the rental property LLC tax advantage from their real estate rental companies.

With my knowledge of the system in specific states, I can make sure that you:


  • Don’t have to take personal liability for when things go wrong.
  • Protect as much of your profit from the IRS as possible.
  • Make filing easy and simple.

Want to know about some more benefits of LLC for a rental property? In this post, you’re about to discover some of the reasons why an LLC for rental property is a great solution for you.

If you have any questions about this topic at any time in this guide, email me at sam@mollaeilaw.com and I’ll provide you with a personalized answer.

With that being said, here’s the best guide you’re going to find on LLCs,