LLC’s: What to Do After Filing
LLCs: What to do After Filing the Articles Mr. Roth will share his thirty years of experience as a tax and business advisor in how to properly form and maintain LLCs and S corporations. Some areas to be covered:
- How LLCs and S corps help to protect assets and manage risk
- Articles, tax identification numbers and fictitious business names
- Agent for service of process and statement of information
- Holding the First Meeting—what should be included and why
- Bylaws, operating agreements and shareholder agreements
- Issuing stock or certificates and limited offering exemption
- Loans v. capital—problems if not documented
- S elections for corps and LLCs and late filings
- Avoiding the “disregarded” LLC
- Importance of legal standing and California issues
- The best way to treat vehicles and home offices
- Reasonable compensation for working owners of S corps
- Reimbursing expenses—accountable v. non-accountable plans
- Out-of-state formations, California and nexus issues
- Alter ego—how it derails asset protection and tax benefits
- Annual and special meetings— waivers of notice and recording minutes
- Contracts, agreements and official records books
- Entity tax returns, deductions and balance sheets
- Distributing earnings and property
- Amending articles, bylaws and operating agreements
- On-going compliance and best practices
- Dissolving LLCs and corporations
- Bio of Instructor: Randy Roth, EA, MSFS
Randy Roth is a tax, estate & business consultant, providing services to individuals, businesses, estates, trusts and non-profit organizations. He advises in the formation of business entities, corporate compliance matters, real estate holdings and non-profits—as well as in their on-going maintenance. He is an owner and principal of Incompass Tax, Estate & Business Solutions, an Enrolled Agent with a Masters specializing in Estate Planning and Taxation and has been in business for thirty years.
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