Now that you've formed a single member limited liability company, there are a few financial housekeeping steps to take. Doing these will ensure that you keep your personal and business finances separate and guard against a creditor piercing your company's corporate veil.
1. If you do not have one already, apply for an Employer Identification Number (EIN).
Most limited liability...
Based on the questions I get from the readers of my website, many people are confused about how their single member limited liability company will be taxed.
Questions like:
I am trying to figure out how I will be taxed as a single member LLC, which forms do I need to use?
When I pay myself, how much to I need to withhold for income tax?
I understand that an LLC can be taxed as a...
