updates

How do you notify the IRS of a change of ownership of a single-member LLC?

You need to complete Form 8822-B and send it to the IRS to change the EIN Responsible Party for your LLC. If the Responsible Party for your LLC has change...

Published: Apr 22, 2026

news

What is initial contribution?

Initial Contribution means Capital Contributions made by a Member to acquire an interest in the Company. What should be in your operating agreement? The c...

Published: Apr 22, 2026

updates

Is an LLC a closed corporation?

Currently, there are a limited number of states that accept close corporation status. The states where close corporations are recognized include Alabama, ...

Published: Apr 22, 2026

news

How do I write a tax payment check?

If you choose to mail your tax payment: Make your check, money order or cashier’s check payable to U.S. Treasury. Enter the amount using all numbers ($###...

Published: Apr 22, 2026

general

How do you ask someone to invest your money?

How to Ask Investors for Funding Keep your pitch concise and easy for the average person to understand. Stay away from industry buzzwords the investors ma...

Published: Apr 22, 2026

news

Can a third party be bound by a contract?

The doctrine of privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon any person wh...

Published: Apr 22, 2026

updates

What are the benefits of being physically active?

Benefits of regular physical activity reduce your risk of a heart attack. manage your weight better. have a lower blood cholesterol level. lower the risk ...

Published: Apr 22, 2026

updates

What happens if you expense instead of capitalize?

Expensing a cost indicates it is included on the income statement and subtracted from revenue to determine profit. Capitalizing indicates that the cost ha...

Published: Apr 22, 2026

general

Can I bring my wife to Denmark?

If you have a spouse/partner living in Denmark, you may qualify for a residence permit in Denmark under the rules for family reunification. You and your s...

Published: Apr 22, 2026

general

Can an S Corp deduct investment management fees?

Investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your invest- ments that produce taxable income are mi...

Published: Apr 22, 2026