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When is the best time to switch to an S corp?

Switching from a sole proprietor to an S corp feels like going from Princess Adora to She-Ra. It’s not like life is terrible for Adora, but as She-Ra, she gets a red cape, fancy sword, and a pegasus unicorn.  Your S corp might not come with a flying horse, but it does include significant tax […]

Filed Under: Business Setup Tagged With: Blog, S corp

All You Need to Know About Business Licenses in Virginia

If you run a business, you might need a license, permit, or certificate of some kind in order to operate. And you might even need more than one of these documents, depending upon the work that you do. If that’s the case, you certainly aren’t alone, as many businesses have to apply for licenses or […]

Filed Under: Business License, virginia Tagged With: Guides, LLC, S corp, Sole proprietorship, Virginia

Guide to Single Member LLC Post Formation Setup in Virginia

After you’ve filed your articles of organization with the Virginia State Corporation Commission, your LLC will begin its legal life.  But there are still other actions that you need to take in order to make your LLC fully operational. Just when you thought the work was over, you realize that it isn’t! Below is an […]

Filed Under: Post Formation, virginia Tagged With: Guides, LLC, Virginia

Freelancers Guide to LLCs in Virginia – What You Need to Know

Are you a freelancer who’s ready to officially form their own business? That’s great!  Just keep in mind that there are several steps involved, one of which is to decide how you’ll legally organize your business. Why is this such a big deal?  Well, your choice will have a big impact on how you’ll be […]

Filed Under: Entity Formation, virginia Tagged With: Guides, LLC, Virginia

The Ultimate Guide to Naming an LLC in Virginia

Registering your freelance business as an LLC (Limited Liability Company) comes with a host of perks. But before you can reap the benefits of operating as an LLC, you need to complete your registration. And the first step involves coming up with a unique name. An Intro to LLC Names What’s in a name, at […]

Filed Under: LLC naming, virginia Tagged With: Guides, LLC, Virginia

Can you afford to be an S Corp?

S corps have a lot of buzz about them. If they were at Beverly Hills High in the ’90s, S corps would be the Cher of the school: popular, sought after, and a total betty despite their flaws. But like Cher, S corps cost some serious cash to maintain.  Sure, you don’t have to have […]

Filed Under: Business Setup Tagged With: Blog, S corp

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Hyke Inc. is not a law or financial firm. We do not provide legal or financial services or advice. We provide self-help tools for your convenience.