Frequently Asked Questions

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 IF YOU HAVE NEVER FILED YOUR TAXES THERE ARE A FEW THINGS TO CONSIDER. MAYBE YOUR INCOME LEVEL DIDNT REQUIRE YOU TO FILE. IN THIS CASE, YOU SHOULD NOT OWE THE IRS. HOWEVER, IF YOU DIDNT FILE, BUT SHOULD HAVE FILED, THE IRS MAY HAVE CALCULATED A BALANCE FOR YOU TO PAY. IF YOU OWE THE IRS MONEY FOR PRIOR YEARS, YOU SHOULD HAVE RECEIVED A NOTICE IN THE MAIL STATING HOW MUCH YOU OWE AND FOR WHAT TAX YEAR. YOU CAN ALSO USE THE IRS ONLINE LINK TO ACCESS YOUR INFORMATION. https://www.irs.gov/payments/view-your-tax-account.   

ABSOLUTELY,  HOWEVER, IF YOU ARE STARTING A NEW BUSINESS YOU WILL HAVE TO BORROW MONEY BASED ON YOUR PERSONAL FINANCES. IT WILL BE VERY BENEFICIAL TO HAVE A STRONG CREDIT SCORE TO HELP YOU QUALIFY FOR FINANCING. DONT GET DISCOURAGED, THERE ARE ALSO WAYS AROUND FINANCING WITH A POOR CREDIT SCORE. LENDERS AND BANKS WANT TO EVALUATE YOUR TRACK RECORD, AND THIS IS WHY CREDIT SCORES ARE IMPORTANT.

LLC STANDS FOR LIMITED LIABILITY COMPANY. INSTEAD OF IDENTIFYING AS A CORPORATION, PARTNERSHIP, SOLE PROPRIETORSHIP, OR OTHER BUSINESS TYPES THIS IS JUST ANOTHER OPTION FOR YOU TO ORGANIZE YOUR BUSINESS..  LLC IS MORE FLEXIBLE AND PROTECTS YOUR PERSONAL BUSINESS IF THINGS WERE TO GO WRONG WITHIN YOUR BUSINESS. YOU WILL NOT BE LIABLE THE LLC WILL HOLD ALL RESPONSIBILITIES AND LIABILITY..