Member Managed vs. Manager Managed LLCs Once you choose an LLC as your business entity structure you need to decide on the management structure of your LLC. You can choose member managed vs. manager managed. In this article, we will go over what these types of management structures mean and how they work for you. [...]
Filing an Extension Filing an extension is asking the IRS for additional time to file your tax return. It extends the due date of your taxes from April 15th until October 15th. In this article, we will go over when and when not to file an extension, who qualifies, the benefits of filing an [...]
Insurance Premium Basics An insurance premium is the price you pay an insurance company for a policy. Premiums are used in health, auto, home and life insurance policies. Failure to pay the premium can result in the cancellation of your policy. In this article, we will go over the basics of how an insurance [...]
8 Common Investing Mistakes to Avoid No matter what choices you make, there are no guarantees in investing. Everyone’s goals, time horizon, and risk tolerance affect your choices. However, mistakes can be avoided. In this article, we will go over eight common investing mistakes to avoid. 1. Not Understanding Your Investments The best thing [...]
Common LLC Terms LLC stands for limited liability company. It is a type of business entity you can set up to protect your personal assets from business liabilities. In this article, we will go over some common LLC terms you should be familiar with before setting up an LLC. Articles of Organization Articles of [...]
10 Tax Filing Mistakes Tax filing mistakes can cost you money. Whether that is missing out on a large refund or owing more in taxes. There are 10 tax filing mistakes we will review so you can avoid them when completing your taxes. 1. Basic Mistakes Many mistakes are simple. For example, misspelling names or [...]
How to Choose Life Insurance Purchasing life insurance is an important part of your financial plan. But it can feel like an overwhelming process. In this article, we will go oversteps on how to choose life insurance. Figuring Out What You Need The first thing you need to choose about life insurance is how much [...]
Savings vs. Investing Saving and investing are both crucial elements of successful financial planning. They both serve different purposes and come with pros and cons. In this article, we will compare savings vs. investing and how to best utilize them for your personal finances. Saving Saving is the process of putting money aside into [...]
8 Costly Estate Planning Mistakes The goal of estate planning should be to transition your assets to your loved ones in as seamless of a manner as possible. There are mistakes that may cause you to veer of course. But they come with simple fixes. In this article, we will go over 8 costly [...]
Earned Income Tax Credit The earned income tax credit is a refundable tax credit for low to moderate income families. In this article, we will go over the basics of the earned income tax credit. Who Can File To be able to file for the earned income tax credit, you must have made at [...]
