• Home
  • Affiliate Disclosure
  • Contact Us
Technology | Software Reviews | Product Reviews | Internet Marketing
  • Home
  • Tech
    • All
    • Mobile
    QR Code Queue System

    QR Code Queue System: How It Helps To Reduce Long Queues At Your Business?

    Create A Tutorial Video Content

    Create A Tutorial Video Content In Minutes

    Identity Verification

    Identity Verification: How Well Are You Doing?

    What Is A VPN And How Does It Work

    What Is A VPN And How Does It Work?

    Tools For Microsoft Data Protection And Security

    Top 10 Software Solutions And Tools For Microsoft Data Protection And Security

    cloud based access control system

    How Do Access Control Systems Work?

    Software Development Outsourcing

    Anti-Crisis Guide For Software Development Outsourcing In 2022

    Payment Systems

    A Comparison Of Different Types Of Payment Systems

    Data Literate Workforce

    Significant Advantages Of A Data Literate Workforce

  • Fintech
    Cash App To Your Checking Account

    Can You Link Cash App To Your Checking Account?

    Best Cryptocurrencies To Invest

    Best Cryptocurrencies To Invest In

    What Is Coin98

    What Is Coin98: Essence And Cryptocurrency Rates

    Bitcoin Adoption

    Bitcoin Adoption: What Is It And How Will It Change Its Course

    IT Insurance VS Cybersecurity Insurance

    Understanding IT Insurance VS Cybersecurity Insurance

    El Salvador

    El Salvador – The Country Where You Can Use Bitcoins Legally!

    Cryptocurrency Is Becoming A Financial Force

    5 Signs Cryptocurrency Is Becoming A Financial Force To Be Reckoned With

    What All You Need To Know For A Healthy Crypto Investment

    Easy Ways To Enhance Your Crypto Earnings

  • Blockchain
    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Crypto Loans

    4 Essential Benefits Of Crypto Loans

    Blockchain Security

    Why Blockchain Security Is Good For You

    Blockchain Technology

    Blockchain Technology Explained

    VC Funding For Blockchain

    3 Proofs That Blockchain Will Soon Revolutionize Mortgage Lending

    Blockchain Could Help Advertisers

    The Blockchain Could Help Advertisers Lock Up Our Attention

    Blockchain Technology

    How Blockchain Technology Is About To Transform Sharemarket Trading

    Deloitte's 2020 Global Survey

    Deloitte’s 2020 Global Survey: Blockchain Becomes Top Strategic Priority For Majority Of Organizations

    VC Funding For Blockchain

    Top Blockchain-Based Security Solutions In 2020

  • E-Commerce
    Great Marketing Practices Every E-Commerce Store

    3 Great Marketing Practices Every E-Commerce Store Should Use

    Grow Your eCommerce Business

    4 Ways To Grow Your eCommerce Business

    E-commerce Website Development

    Top Tips For Your E-commerce Website Development Process

    How To Make Money With Dropshipping

    How To Make Money With Dropshipping

    Digital Marketing For Ecommerce

    The Value In Investing In Digital Marketing For Ecommerce

    16 Best eCommerce Software Platforms For Online Business

    16 Best eCommerce Software Platforms For Online Business

    ecommerce ideas

    6 Things To Consider When You are Running an E-Commerce Business

    3dcart- ecommerce Platforms

    Best e-Commerce Software Platforms For Online Business

  • Lifestyle
    Hoboken apartments

    Family-Friendly Activities In The Tri-State Area

    Harry Potter Costume

    The Best Harry Potter Costumes To Bring Your Magical Fantasies To Life

    fun things to do on birthday

    10 Amazing Things You Must Do On Your Birthday

    Better Hair Quality

    Women Need A Better Hair Quality All The Time

    Is Your Office Job Killing You Slowly

    Is Your Office Job Killing You Slowly?

    Healthy Work-Life Balance

    Top Tips To Maintain A Healthy Work-Life Balance

    arbie Sole Tattoo

    Barbie Sole Tattoo Trends Blowing Up On Instagram

    Dumbest Fashion Trends In History

    From Muslin Dresses To Corsets: 17 Dumbest Fashion Trends In History

    How to apply foundation in the best way

    How To Apply Foundation In The Best Way?

  • Inbound Marketing
    • All
    • Content Marketing
    • Email Marketing
    Perfect PowerPoint Presentation

    How To Create The Perfect PowerPoint Presentation

    Grow Your Email List

    8 Actionable Ways (Tested) To Grow Your Email List In 2022

    Competitive Analysis

    A Complete Guide On Competitive Analysis For Beginners

    EDM Marketing

    How EDM Marketing Is Different From Email Marketing? Which One Is Better?

    The State of Digital Marketing in Bangkok

    The State Of Digital Marketing In Bangkok

    Meme Marketing

    Meme Marketing – Why Are Brands Smiling About It

    Better Content Marketing

    Top 14 Essential Tips For Better Content Marketing

    Email open rates

    Personalization In Email Marketing: How To Increase Email Open Rates?

    Tech Blogging: An Era Ends? Or, A New Begining!

    Blog Strategy For Sustainable Content Marketing Business

  • Online Marketing
    • All
    • Mobile Marketing
    • Search Engine Marketing
    • Search Engine Optimization
    • Social Media Marketing
    Social Media Messaging

    Did You Know You Can Manage All Your Social Media Messaging In One Place?

    How Stergo Media Populous SEO, PPC, And SMM

    Leading The Way With Innovation: How Stergo Media Populous SEO, PPC, And SMM

    Digital Marketing Trends

    Top 7 Digital Marketing Trends In 2022

    Marketing Videos

    Why Should You Add Video Collages To Your Marketing Videos?

    Digital Marketing Hacks

    Digital Marketing Hacks 101 For Small Business Entrepreneurs

    Community For Your Business’s B2B Marketing

    How To Build And Use Your Community For Your Business’s B2B Marketing

    Digital Marketing Channels

    Best 5 Digital Marketing Channels For Your Brand In 2022

    Knowing the SEO Basics

    Knowing The SEO Basics

    SMS Marketing Mistakes to Avoid

    SMS Marketing Mistakes To Avoid

  • Software
    Salesforce: How Does It Work

    BigQuery To Salesforce: How Does It Work?

    Scheduling A Painless Job

    Top 10 All-In-One Automated Platforms That Make Scheduling A Painless Job

    Invalua

    Ivalua Alternatives 2022: 10 Best Spend Management Software

    Booket

    Booket Alternatives 2022: 10 Best Salon Management Software

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

    Wordtune

    Wordtune Alternatives 2022: 10 Great AI-Powered Writing Tools

    Eduflow

    Eduflow Alternatives 2022: 10 Best Learning Management Solutions

    Payroll process

    This Is How You Can Make The Payroll Process More Strategic And Organized

    Best HR Software

    How To Choose The Best HR Software For Your Work?

No Result
View All Result
  • Home
  • Tech
    • All
    • Mobile
    QR Code Queue System

    QR Code Queue System: How It Helps To Reduce Long Queues At Your Business?

    Create A Tutorial Video Content

    Create A Tutorial Video Content In Minutes

    Identity Verification

    Identity Verification: How Well Are You Doing?

    What Is A VPN And How Does It Work

    What Is A VPN And How Does It Work?

    Tools For Microsoft Data Protection And Security

    Top 10 Software Solutions And Tools For Microsoft Data Protection And Security

    cloud based access control system

    How Do Access Control Systems Work?

    Software Development Outsourcing

    Anti-Crisis Guide For Software Development Outsourcing In 2022

    Payment Systems

    A Comparison Of Different Types Of Payment Systems

    Data Literate Workforce

    Significant Advantages Of A Data Literate Workforce

  • Fintech
    Cash App To Your Checking Account

    Can You Link Cash App To Your Checking Account?

    Best Cryptocurrencies To Invest

    Best Cryptocurrencies To Invest In

    What Is Coin98

    What Is Coin98: Essence And Cryptocurrency Rates

    Bitcoin Adoption

    Bitcoin Adoption: What Is It And How Will It Change Its Course

    IT Insurance VS Cybersecurity Insurance

    Understanding IT Insurance VS Cybersecurity Insurance

    El Salvador

    El Salvador – The Country Where You Can Use Bitcoins Legally!

    Cryptocurrency Is Becoming A Financial Force

    5 Signs Cryptocurrency Is Becoming A Financial Force To Be Reckoned With

    What All You Need To Know For A Healthy Crypto Investment

    Easy Ways To Enhance Your Crypto Earnings

  • Blockchain
    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Crypto Loans

    4 Essential Benefits Of Crypto Loans

    Blockchain Security

    Why Blockchain Security Is Good For You

    Blockchain Technology

    Blockchain Technology Explained

    VC Funding For Blockchain

    3 Proofs That Blockchain Will Soon Revolutionize Mortgage Lending

    Blockchain Could Help Advertisers

    The Blockchain Could Help Advertisers Lock Up Our Attention

    Blockchain Technology

    How Blockchain Technology Is About To Transform Sharemarket Trading

    Deloitte's 2020 Global Survey

    Deloitte’s 2020 Global Survey: Blockchain Becomes Top Strategic Priority For Majority Of Organizations

    VC Funding For Blockchain

    Top Blockchain-Based Security Solutions In 2020

  • E-Commerce
    Great Marketing Practices Every E-Commerce Store

    3 Great Marketing Practices Every E-Commerce Store Should Use

    Grow Your eCommerce Business

    4 Ways To Grow Your eCommerce Business

    E-commerce Website Development

    Top Tips For Your E-commerce Website Development Process

    How To Make Money With Dropshipping

    How To Make Money With Dropshipping

    Digital Marketing For Ecommerce

    The Value In Investing In Digital Marketing For Ecommerce

    16 Best eCommerce Software Platforms For Online Business

    16 Best eCommerce Software Platforms For Online Business

    ecommerce ideas

    6 Things To Consider When You are Running an E-Commerce Business

    3dcart- ecommerce Platforms

    Best e-Commerce Software Platforms For Online Business

  • Lifestyle
    Hoboken apartments

    Family-Friendly Activities In The Tri-State Area

    Harry Potter Costume

    The Best Harry Potter Costumes To Bring Your Magical Fantasies To Life

    fun things to do on birthday

    10 Amazing Things You Must Do On Your Birthday

    Better Hair Quality

    Women Need A Better Hair Quality All The Time

    Is Your Office Job Killing You Slowly

    Is Your Office Job Killing You Slowly?

    Healthy Work-Life Balance

    Top Tips To Maintain A Healthy Work-Life Balance

    arbie Sole Tattoo

    Barbie Sole Tattoo Trends Blowing Up On Instagram

    Dumbest Fashion Trends In History

    From Muslin Dresses To Corsets: 17 Dumbest Fashion Trends In History

    How to apply foundation in the best way

    How To Apply Foundation In The Best Way?

  • Inbound Marketing
    • All
    • Content Marketing
    • Email Marketing
    Perfect PowerPoint Presentation

    How To Create The Perfect PowerPoint Presentation

    Grow Your Email List

    8 Actionable Ways (Tested) To Grow Your Email List In 2022

    Competitive Analysis

    A Complete Guide On Competitive Analysis For Beginners

    EDM Marketing

    How EDM Marketing Is Different From Email Marketing? Which One Is Better?

    The State of Digital Marketing in Bangkok

    The State Of Digital Marketing In Bangkok

    Meme Marketing

    Meme Marketing – Why Are Brands Smiling About It

    Better Content Marketing

    Top 14 Essential Tips For Better Content Marketing

    Email open rates

    Personalization In Email Marketing: How To Increase Email Open Rates?

    Tech Blogging: An Era Ends? Or, A New Begining!

    Blog Strategy For Sustainable Content Marketing Business

  • Online Marketing
    • All
    • Mobile Marketing
    • Search Engine Marketing
    • Search Engine Optimization
    • Social Media Marketing
    Social Media Messaging

    Did You Know You Can Manage All Your Social Media Messaging In One Place?

    How Stergo Media Populous SEO, PPC, And SMM

    Leading The Way With Innovation: How Stergo Media Populous SEO, PPC, And SMM

    Digital Marketing Trends

    Top 7 Digital Marketing Trends In 2022

    Marketing Videos

    Why Should You Add Video Collages To Your Marketing Videos?

    Digital Marketing Hacks

    Digital Marketing Hacks 101 For Small Business Entrepreneurs

    Community For Your Business’s B2B Marketing

    How To Build And Use Your Community For Your Business’s B2B Marketing

    Digital Marketing Channels

    Best 5 Digital Marketing Channels For Your Brand In 2022

    Knowing the SEO Basics

    Knowing The SEO Basics

    SMS Marketing Mistakes to Avoid

    SMS Marketing Mistakes To Avoid

  • Software
    Salesforce: How Does It Work

    BigQuery To Salesforce: How Does It Work?

    Scheduling A Painless Job

    Top 10 All-In-One Automated Platforms That Make Scheduling A Painless Job

    Invalua

    Ivalua Alternatives 2022: 10 Best Spend Management Software

    Booket

    Booket Alternatives 2022: 10 Best Salon Management Software

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

    Wordtune

    Wordtune Alternatives 2022: 10 Great AI-Powered Writing Tools

    Eduflow

    Eduflow Alternatives 2022: 10 Best Learning Management Solutions

    Payroll process

    This Is How You Can Make The Payroll Process More Strategic And Organized

    Best HR Software

    How To Choose The Best HR Software For Your Work?

No Result
View All Result
Technology | Software Reviews | Product Reviews | Internet Marketing
No Result
View All Result
Home Articles

Why Starting An LLC In 2021 Is The Preferred Option For LLCs

June 25, 2022
in Articles
Try To Overlap Employee Hours
Share on FacebookShare on Twitter

Forming an LLC is the simplest way to protect one’s personal assets when starting a business; it does so by separating them from the business’s activities so that if the business is sued, the personal assets are preserved.

COVID-19 is shaping 2021 to be the perfect year for establishing an LLC; tax benefits and other financial resources available due to COVID legislation have created an environment conducive for new business ventures.

Setting up an LLC requires relevant insurance – whilst LLCs protect personal assets, they do not, in themselves, protect the assets of the business.

LLC insurance works in tandem with an LLC to ensure that both the owner’s personal assets and the business are financially protected in the event of a loss or lawsuit.

Economic Conditions and Business Ventures

The economic effects of COVID-19 have forced many companies out of business, creating a level playing field as a consequence for new companies to enter the market; where existing businesses can find it difficult to adjust products and adopt novel technology, new companies can tailor goods and services to the current reality.

The best example of this is the transition towards a remote workforce that COVID has facilitated, a new company can begin completely remotely and take advantage of the newest technology but established businesses may struggle to adopt these new methodologies.

Available Financial Resources

Congress recently passed a multitude of financial resources to ease the financial strain caused by the outbreak. The Coronavirus Aid and Relief Act (CARES Act) and the Consolidated Appropriations Act allow small businesses to apply for forgivable loans under the Paycheck Protection Program (PPP) to help pay employees and other day-to-day business operations.

Relief for small businesses is also available from private sources, with companies such as Facebook establishing grants for small businesses, and organizations such as Bank of America offering economic relief for members.

Whilst most of the governmental programs offering financial assistance to small businesses require that they existed before COVID, some programs are available to new ones and certainly represent a motivation to establish an LLC in 2021.

Tax Benefits

A large reason for many people deciding to form an LLC in 2021 is due to the tax benefits it can offer: pass-through taxation and a 20% pass-through tax deduction on one’s personal return.

The CARES Act provides additional tax help for small businesses on top of all this by allowing a full deduction of one’s net operating losses. This is particularly pivotal because most new businesses operate at a loss in the first year.

Residents of California can form an LLC anytime between 2021-2023 and benefit from a one-year exemption from the state’s minimum $800 franchise tax.

The Requirement for LLC Insurance

The Requirement for LLC Insurance

The formation of an LLC business structure provides protection in the form of limited liability to the owner’s personal assets; this creates a separation between the two, limiting liability to that of the business’s assets.

Necessarily, this means that limited liability doesn’t provide any protection for your business’s assets, specific insurance policies for this are required that guard against specific liabilities.

Without it, the LLC is vulnerable to potential business risks and financial losses such as accidents and lawsuits. There are many types of LLC insurance available: professional liability, general liability, business owner’s policy, to name a few.

The type(s) of investment needed depends on the type of business owned. Most states require LLCs to have certain types of coverage, such as: workers’ compensation insurance, unemployment insurance tax and disability insurance, among others.

Concluding Remarks

As a result of the effects of COVID-19 on the global economy, market conditions are opportune for the establishment of LLCs.

Lockdown has led to an increase in remote workforces, which levels the playing field for newer businesses as it is easier to establish such a group of employees from nothing than completely shift a tangible one to remote.

Additionally, the government and private companies are offering financial incentives to help support stay afloat during COVID such as tax rebates.

All of these conditions render 2021 an optimal year to found an LLC. However, such companies require LLC insurance as the business’s assets are exposed without it.

Previous Post

A Shopper’s Guide: Tips And Tricks When Buying a Mattress

Next Post

Top 12 Most Profitable U.S States For Insurance Agents

Related Posts

Dog’s Nutritional Needs
Articles

Understanding Your Dog’s Nutritional Needs

January 27, 2023
Working With Your Malpractice Lawyer
Articles

Tips For Working With Your Malpractice Lawyer

January 26, 2023
How Scraped Surface Heat Exchangers Maximize Efficiency
Articles

How Scraped Surface Heat Exchangers Maximize Efficiency in Industrial Processes

January 7, 2023
Vic.ai Raises $52 Million
Articles

Vic.ai Raises $52 Million in Series C Funding

December 16, 2022
Meituan Liao Techcrunch Robots
Articles

Flexiv Chinese AI Series Meituan Liao Techcrunch Rraised Over $100 Million

December 16, 2022
Instant Reply Messages For Your Texts
Articles

Do You Want Instant Reply Messages For Your Texts? Ping The Sex Chat Girls

October 11, 2022
How to start an essay
Articles

How To Start An Essay? The Features Of The Essay And How To Choose The Right Topic

September 26, 2022
Write A Good Psychology Essay
Articles

How To Write A Good Psychology Essay

September 17, 2022
Top 1%
Articles

What Does It Mean To Be In The “Top 1%”

September 3, 2022
Next Post
Most profitable US states for insurance agents

Top 12 Most Profitable U.S States For Insurance Agents

Recent Posts

QR Code Queue System

QR Code Queue System: How It Helps To Reduce Long Queues At Your Business?

January 27, 2023
Dog’s Nutritional Needs

Understanding Your Dog’s Nutritional Needs

January 27, 2023
Create A Tutorial Video Content

Create A Tutorial Video Content In Minutes

January 26, 2023
Working With Your Malpractice Lawyer

Tips For Working With Your Malpractice Lawyer

January 26, 2023
Identity Verification

Identity Verification: How Well Are You Doing?

January 9, 2023

Get Updates

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Loading

Disclosure

We sometimes use affiliate links in our content. This won’t cost you anything but it helps us to offset the costs of paying our writing team. Thanks for your support!

About Witszen

Witszen-logo

Follow Us

Useful Links

  • Home
  • Affiliate Disclosure
  • Contact Us

Browse by Category

Get Updates

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Loading
  • Home
  • Affiliate Disclosure
  • Contact Us

© 2022 Witszen

No Result
View All Result
  • Home
  • Tech
  • Fintech
  • Blockchain
  • E-Commerce
  • Lifestyle
  • Inbound Marketing
  • Online Marketing
  • Software

© 2022 Witszen