Small Business

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LLC Shares

Arrangements typically used to setup an LLC and divide assets and profits and losses among members For sole proprietorships it's straightforward. For partnerships that are converting to an LLC the...

LLC related definitions

Membership interest: The percentage share that a member owns in the LLC. Also called ownership interest or capital interest. Tax basis: The basis that the membership interest was set when becoming...

Parking funds with a Merrill Edge account at Bank of America

I had a personal checking account at Bank of America linked to my Merrill Edge account which worked well so I thought I'd do the same with our LLC checking account. Not only does the funds in your...

  • Updated 11 months ago by vince