What is Vesting?
Okay, so we have ABC tile and they're going to start this business together. Maybe they're brothers, maybe they're best friends of 10 years. They're super close and they trust each other through and through. And they're like, we're going to start this business 50 50, and it's going to be successful. And we're both going to get rich and we're going to live great lives. As you probably know, this is
I don't need an EIN
You already have an EIN, can it be converted to your new LLC? Every new LLC needs a new EIN. The LLC you are forming is a brand new entity and requires a new EIN. Whether you have an existing DBA or other type of entity, you will still need a new EIN.
Benefits of a separate entity
Do you need a separate entity (LLC/corporation) for your business? Why not just be a sole proprietor? A separate entity can provide: Potential Tax Benefits - There are often significant tax savings that can be realized by setting up a separate entity. To begin with, it's simply easier to separate your deductible business expenses from your non-deductible personal expenses. But a properly-structure