Here's a quick question (maybe)
I've been a small (hobby) business for a few years. Small money - but pays most of its bills. We are near to launching a single product line that will keep us on a "focused" business - as suggested earlier. Tooling and set up will be consistent.
Now the question(s): We want to migrate from DBA (doing business as) under my name to a LLC. Sure there are simple ways to do it Legal Zoom etc - any favorites? Any to stay away from?
Any idea how tax liability changes from one year to next when you change the name?
Thanks in advance Guys!
Cheers Jim
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Experience is the BEST Teacher. Is that why it usually arrives in a shower of sparks, flash of light, loud bang, a cloud of smoke, AND -- a BILL to pay? You usually get it -- just after you need it. |