Min

Can an LLC have an out-of-state address in Florida? An LLC can have an out-of-state address in Florida. To do business in Florida, an out-of-state LLC must qualify and register with the Florida Secretary of State. The key requirements are registering with Florida and designating a registered agent. Does a Florida LLC have to have … Read more

Massachusetts DBA Registration Process To register a DBA in Massachusetts, visit your local Town Clerk’s Office. Complete a Doing Business As (DBA) registration form and pay a $1 filing fee. Research state and local requirements for licenses. Collect necessary documents like proof of your DBA name, address, tax ID, and insurance. Submit them to get … Read more

LLCs vs. Corporations LLCs are far more common and popular than Corporations, and for good reason. The basic advantages of an LLC include: Taxation: Get pass-through income to avoid many corporate taxes and gain the ability to report business profits/losses on your personal tax return. Those returns are also easier to fill out, whereas a … Read more

Business Name Changes and EIN If you are changing the business name but keeping the same business structure and owner, you may not need to obtain a new EIN. However, you might need to file a document for changing the business name with the IRS and/or state and local government. When you change your business … Read more

Responsibilities of Nonprofit Organizations Regarding Payroll Taxes While nonprofits are exempt from federal income taxes, they still have to pay payroll taxes. Nonprofit organizations have to withhold federal income tax and FICA taxes from employee paychecks. Some exemptions exist, but the responsibility for ensuring proper payroll tax submission remains. Managing Payroll Taxes for 501(c)(3) Nonprofits … Read more