How to Establish Business Credit

How to Establish Business Credit Establishing business credit can be an important factor to many new and growing businesses. Here are a few tips for establishing, building, or improving your business credit. Start with your personal credit. The most important factor when trying to establish business credit is your own personal credit history. For new businesses, lenders will often look to the business owner’s personal credit history. If you have a bad credit score, bad debt, a history of late payments, …

Warranty Deed v. Special Warranty Deed v. Quitclaim Deed

Warranty Deed v. Special Warranty Deed v. Quitclaim Deed Warranty Deed A warranty deed provides certain assurances and protection for the Grantee (the person/entity receiving the property). Transferring a property with a warranty deed means that the Grantor (the person transferring property to the Grantee) promises that there are no liens, encumbrances, or easements affecting the property. It also assures the Grantee that the Grantor owns title to the property free and clear and can transfer that title to the …

Forming an LLC for a Virtual or E-Commerce Business

Forming an LLC for a Virtual or E-Commerce Business One common question that comes up when forming an LLC for a virtual or e-commerce business has to do with where to register the LLC. Many virtual or e-commerce businesses have no real “location.” Often times, the LLC owner works in multiple locations or travels around on a regular basis. The first, and typically best, option is to form the LLC in the state in which you reside. Consider this your …

How to Move an LLC to Another State

How to Move an LLC to Another State There are a few options if you want to move an LLC to another state. File as a foreign LLC in the new state. Registering to do business in another state as a foreign LLC will allow you to continue running your business in the first state and in the second state. This is a good choice if you plan to have a location in both states or will do business in …

How to Convert a Sole Proprietorship to an LLC

How to Convert a Sole Proprietorship to an LLC There are a lot of reasons to convert a sole proprietorship to an LLC: limited liability protection and tax benefits, just to name a few. Most states make it fairly easy to convert a sole proprietorship to an LLC. First, you need to file Articles of Organization with your state’s Secretary of State. If your sole proprietorship was operating under a DBA or a trade name, and that DBA or trade …

How to Add a Member to an LLC

How to Add a Member to an LLC There may come a time in your business’s life when you decide it would be beneficial to bring add a member to your LLC. Adding a member to your LLC can, among other things, increase the overall productivity and value of your LLC. When you add a member to your LLC, there are a few important things to keep in mind: What does your Operating Agreement say about it? If your LLC …

How Do I Get a Trademark?

How Do I Get a Trademark? Getting a trademark for your business’s name, logo, or slogan is the first step to protecting your business’s brand and identity. If you spent hours upon hours coming up with the perfect business name and paid a graphic designer top dollar to design your logo, wouldn’t it suck if one of your competitors decided to ride your coat tails and use a similar name or logo? Yes! It would! Having a federally registered trademark …

Should I Form an LLC?

Should I Form an LLC? When starting a business, the first question you might ask yourself (or your attorney) is, “should I form an LLC?” In most cases, the answer is going to be “yes!” So why is it typically a good idea to form an LLC? The biggest reason is because of the liability protection that an LLC gives to its members. The liabilities of the LLC will be separate from the individual liability of its members. In other …