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From the Tailor Brands blog
Published by Tailor Brands, not by us. Every card opens the original post.
Montana LLC Car Registration
The Montana LLC car registration strategy has piqued the interest of many automotive enthusiasts, business owners, and others looking for tax strategies. Both Montana residents and non-residents may take advantage of this strategy, but it’s important that you understand the…
tailorbrands.comTransfer LLC Ownership
LLC ownership changes hands for all kinds of reasons. Maybe a partner decides to exit, or the whole business gets sold, or new investors come on board. Whatever the reason, the transfer needs to be handled correctly, both to protect everyone involved and to keep the company’s…
tailorbrands.comChange Your Registered Agent
Sometimes business owners need to update their registered agent. This is a straightforward process, and a routine part of maintaining LLCs. Do be sure that you follow the necessary steps, though, as failing to could result in falling out of compliance with state requirements.…
tailorbrands.comRemoving an LLC Member
It is common for ownership structures in LLCs to change. Members retire, disputes arise, partners move on, or circumstances force a departure. Exactly how member removal works depends on the operating agreement. With an operating agreement, the process is relatively…
tailorbrands.comBuying a Car Under an LLC
A vehicle can be a powerful asset for your business. It provides transportation and can act as a worksite or even a moving advertisement. Vehicles also present unique challenges: liability exposure and financial issues, not to mention, IRS requirements and a lot of added…
tailorbrands.comBuy a House Under an LLC
Yes, an LLC can buy a house. But if you’re expecting the process to resemble a personal purchase in any meaningful way, reset that expectation now. The financing requirements are stricter, the costs are higher, the loan options are narrower, and the tax implications are…
tailorbrands.comPutting Rental Property in an LLC
One of the most common questions new real estate investors ask is whether they should have an LLC for a rental property. The answer isn’t the same for everyone. In the end, the answer depends on the investor’s situation, and there is not a one-size-fits-all rule. An LLC offers…
tailorbrands.comHusband and Wife LLC
Running a business with your spouse can be one of the most rewarding things you do together. It can also be surprisingly complicated from a legal and tax standpoint if you haven’t structured things correctly from the start. How you set up that shared business affects everything…
tailorbrands.comTexas LLC vs PLLC
You make a lot of important decisions when you start a business. One of the most important choices you will make is your business structure. Having the right structure from the beginning will help provide the kind of protection your business needs to thrive. An LLC or PLLC is…
tailorbrands.comLLC vs PLLC
Most new businesses that move beyond the sole proprietor stage form as limited liability companies (LLCs). There are other options, though. The most similar other option is the professional limited liability company, which is often a better option for professionals who are…
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