Saving Time with USACORP

Posted on April 27, 2011 by KristenM

LLC formationAs you might have learned from reading our blogs here, incorporating a business can be a time consuming matter. There’s so much paperwork to take care of, articles of organization to do, and don’t forget about the LLC publishing. But you still have a business to run and most likely many other worries on your mind. But this is why USACORP is here. You can take care of your LLC formation right here online. It only takes a few minutes. Who would have thought LLC formation could be so easy?

All you have to do is fill out some online forms and we’ll take care of the rest. Can your business afford time spent researching what has to be done when forming an LLC? And there is a quite a bit to learn about the process. But USACORP is not only here to take care of the hard stuff, we’re here to answer your questions and make you a more informed business owner. The benefits of an LLC are certainly plentiful, so there is no better time than now to build the credibility of your small business and turn it into a thriving and successful one.

Posted in LLC | Tagged , , | Leave a comment

Myths About LLC Publishing

Posted on April 18, 2011 by KristenM

llc publishingYou can never escape a good myth and they pop up in all facets of life. Naturally some myths have popped up about LLC publishing so let’s separate the facts from the fiction.

Myth #1 – “An LLC is the same as any other type of corporation.” You might not have been paying attention when we discussed some of the differences awhile back. An LLC has different ownership structures and is not a tax entity. Most LLC’s are taxed as sole proprietorships. LLC’s are also formed with Articles of Organization, not Articles of Incorporation.

Myth #2 – “I can set up my LLC in Nevada and avoid income taxes.” Sounds like a smart plan, but it won’t work. Sure Nevada doesn’t pay income tax but your business has to have a presence there and you must actually do business there.

Myth #3 – “Corporations are safer than an LLC for avoiding liability.” There is a reason an LLC is called “limited liability.” The owners really do have a limited liability to their investment in the company. Any company can get sued, but corporations are not necessarily the safer option.

Myth #4 – “An LLC is only for small businesses.” This is just not true at all. Yes, there are more small businesses that form an LLC, but big businesses can benefit just as much and do. Chrysler is actually an LLC.

Posted in LLC | Tagged , | Leave a comment

Do I Need a Lawyer for My LLC Formation?

Posted on April 11, 2011 by KristenM

LLC formationMaking the leap to an LLC formation can be a scary venture. There is a lot of paperwork, a bunch of new terms to learn, and necessary steps to follow. This is your business and you don’t want to make any mistakes. A lot of times people wonder if they need to hire an attorney for this process. Unfortunately, there is no easy answer. It really depends on your specific business, how much knowledge you already have about setting up an LLC, and if you have the extra money to spend.

Not hiring an attorney can be very cost effective and if you’re on a tight budget, then you may have no choice but to opt out. However, not seeking legal counsel may cost you in the long run. If you have complex business needs, it may be wise to ask for some help. You can also seek help from a tax or financial adviser. Ultimately, you should follow your gut instinct. If you’re losing sleep over it, then call an attorney and get a price quote. If you seem to have a handle on the process, then don’t waste the extra cash.

Posted in LLC | Tagged , | Leave a comment

Increased Credibility with an LLC Formation

Posted on April 4, 2011 by KristenM

LLC publishingA few weeks ago we talked about some of the advantages of an LLC formation. There is a numerous amount and they certainly outweigh any negatives, but one great benefit is heightened credibility. There are a lot of small businesses out there and sometimes people have a lot of trouble trusting them. How are you supposed to know what is a legitimate small business and who’s just working out of a basement trying to swindle you for some money?

There is a reason big businesses do a lot of business and stay big, because people trust them. They know they are an established company. So what better way to prove to people that you are serious about your business than an LLC formation? Not only will you establish credibility with potential customers, but also with employees, vendors, and clients. If people are unsure about your business, they aren’t going to want to work for you or with you. An LLC equals commitment. It says “Hey! I’m totally serious and 100% devoted to my business!” Otherwise, you wouldn’t have gone through all that research and paperwork and spent the money to incorporate your business.

So when you’re ready to show the world you’re serious, talk to USACORP INC.

Posted in LLC | Tagged | Leave a comment

The Value of Knowledge

Posted on March 28, 2011 by EvyG

There are many things in life that we can evaluate. Our salaries, Pensions, cost of doing business. Anything to do directly with the receiving or giving of money is imminently evaluated, and you are able to tell what it is worth. But what about knowledge?

Knowledge can help you make better choices, especially when starting an LLC. But how do you really know it is the knowledge that helps, and not some inner instinct you have for making these choices? Well, research suggests that what you may call instinct, is actually a culmination of experiences you had (a.k.a knowledge). Your gut instinct relies on your past endeavors and can help you make the right decision based on what you know. This begs the question – How do you get the most amount of knowledge in order to start your business better?

Well, LLC formation is not an easy thing. But getting experts with plenty of knowledge to help you is much easier. At USACorp, we value knowledge. The ability to have the right answers at the right time takes practice. And when you start a business, you don’t want to risk it and make the wrong ones. So invest a little money in getting help, and make sure your future decisions are much better.

Posted in LLC | Tagged , | Leave a comment

Spotting the Opportunity to Form an LLC

Posted on March 21, 2011 by EvyG

Start your own business

With the economy as bad as it is, many industry insiders are starting to speculate when the upturn will begin. Signs are beginning to show that we may have hit the low point. But as Wall Street economists try to figure out where to invest billions, most people are struggling to find out how it relates to them. Many people want to start their own business but don’t know if this is the right time and exactly what they need to do. Well, that’s when a little help is needed. It’s not hard to form an LLC online but there are several steps you will need to take, as mentioned in past blog posts right here on our blog.

Taking that step and forming your own company does not have to mean major changes. You can form a one-man company and start offering your services. That’s how many people started their businesses. And setting up an LLC has never been easier. You can take one step at a time, as long as you keep making them. And the next few years may prove to be a breeding groung for thousands of new companies as the economy heals and shows more and more opportunitties for small businesses.

Posted in LLC | Tagged , , , , | Leave a comment

Can LLC’s Save the Economy?

Posted on March 14, 2011 by EvyG

It’s been almost three years since the big collapse of the American stock market. Wall street’s antics have cost millions of jobs and have influenced people far, far away from downtown Manhattan. Since then, the housing market crashed in what seems to be a downturn across the country.

However, three years is long enough for the economy to start ticking again. Due to the stagnation of companies and their hesitation on hiring, many people have decided to take a different approach and open their own businesses. From selling arts and crafts to creating new tech companies, people are using this downturn to actually prepare for a profit.

The way to do that is to form an LLC. Though there are many forms of companies, if you are starting out and want to start a small business, the obvious option if simply to create an LLC and use your own company in order to start making money. The benefits of creating one are numerous, but the obvious advantages in risk taking and the availability of bankruptcy laws allow people to take risks.

When the economy hits the low point (maybe it has already done that?) it will start booming again. That’s just how it goes. And many Americans want to make their own money when that time comes.

Posted in LLC | Tagged , , , , , , | Leave a comment

Starting an LLC – The Checklist!

Posted on March 7, 2011 by EvyG

If you are considering forming an LLC, then you probably need to make sure you have all of your information in order. One of the best ways to organize information (and when you open an LLC you have a lot of it) is to create a checklist. But you know what’s better than creating a checklist? Having someone do it for you! That’s right. You’re a business owner so start thinking like one. Here is a checklist you can refer to when opening an LLC or incorporating a business:

  • Decide on a name for your business. Most companies are obligated to have “LLC”, or “Limited Liability Co.” as part of their name. Research and find out if the name is already taken. Be ready with a few other options in case it is. And the answer to your next question is Yes. “Apple” is already taken. Try a different name.
  • Register your name. Remember to also register it as a “fictitious business name” so you are “doing business as…” the name you choose. For example, your business can be registered as “Moving and storage LLC” and you will be doing business as: “Dani’s Movers.” That way your brand can be the same or different than your legal company name.
  • Create an LLC Operating Agreement.
  • Write your Articles of information.
  • Obtain Business licenses and permits.

For more information, you can always give us a call or go to our site for help.

If you are thinking of starting a limited liability company (LLC), below is a checklist of steps to take before you open for business. Keep in mind that your LLC’s start-up requirements might vary from the list below, depending on the specific type of business you are in, and where your business is located.

Posted in LLC, LLC Paperwork | Tagged , | Leave a comment

Designing Your New Home Office

Posted on March 1, 2011 by EvyG

Many people open their own LLC. It allows freelancers to have their own business and start it from scratch. These days, you are able to form an LLC online, and handle all you business from your home. But with great online powers comes great responsibility. When you own and operate an LLC on your own, one of the most important things to remember is organizing your files appropriately. When tax time comes around, you want to have all your information stored the right way. Remember to always have backup files along with your hard copies.

An organized home office also helps to maintain an organized business. But you don’t need to sacrifice the style and look of your home in order to open your in-home office. Here are two basic tips to create a simple home office:

  • Get color coordinated boxes and files cabinets. Having a visually interesting home office can help you mix your work into your home.
  • Find the right spot for the office location. You may be surprised to know that a home office can be located in a kitchen, living room, or even a corner of a bedroom!

Starting an LLC from your home doesn’t mean you have to sacrifice your home design.

Posted in LLC | Tagged , | Leave a comment

Do You Want to Start an LLC or a Corporation?

Posted on February 21, 2011 by JessG

create an llcWe’ve talked a lot on this blog about LLC formation and everything that goes along with it. However, USACORP Inc. doesn’t just handle the creation of LLCs; it also deals with corporations.

First of all, let’s discuss the major differences between LLCs and corporations, which lie in the ways they’re taxed. Corporations, for instance, are taxed at a corporate rate, while an LLC’s taxes are based on its owners’ Adjusted Gross Income. However, an LLC can be taxed as a corporation if this is more advantageous than being taxed the traditional way.

Another potential difference is the way they’re formed. An LLC can be formed by one person, who can file profits from the business on his or her own personal taxes. A corporation, though, must be an entirely separate legal entity, for which an Employer Identification Number (EIN) has to be procured. (You may remember in our post from a couple weeks ago we discussed how to apply for an EIN — we mentioned that an EIN for an LLC is necessary only if employees will be hired. This is still the case, though we do recommend having one either way, for the simplicity of keeping your business-related taxes separated from your personal taxes.)

Corporations and LLCs are alike in some ways, too, primarily in that they both limit the liability their owners or shareholders can face in the instance of debt or lawsuits against the business.

To decide whether you want to create an LLC or a corporation, you can discuss your situation with a representative from USACORP Inc.

Posted in Corporation, LLC | Tagged , , , , , , , , , , , , , , , | Leave a comment