Dc who owns

Partners pay state taxes on partnership income on personal tax returns. Members pay state taxes on their share of LLC income on personal tax returns. LLCs classified as corporations for federal tax purposes also have to file a D. Shareholders must pay taxes on their dividends from the corporation. A shareholder-employee with a salary also must pay income tax on his or her personal state tax return.

And, finally, corporations must file a biennial report with the DCRA. If you have employees, you must also deal with state employer taxes. And, apart from District of Columbia taxes, there are always federal income and employer taxes.

Business insurance can protect your company and your personal assets from the fallout of unexpected disasters, such as personal injury lawsuits or natural catastrophes. An insurance agent can help you explore the different coverage options, which might include general liability insurance to protect your business against claims relating to bodily injury or property damage. No matter the type of business you form, you should consider opening a separate business account to make it easier to track your income and expenses.

For some business types, like LLCs and corporations, a separate bank account is necessary to maintain your liability protection. To learn more, see Opening a Business Bank Account. Take our business formation quiz to find out what the best form of business ownership is for you. Whether you can be held personally liable for the debts of your business depends on the structure of your business and how it was formed.

The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. The attorney listings on this site are paid attorney advertising.

In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Grow Your Legal Practice. Meet the Editors. How to Start a Business in Washington D. From licenses and permits to taxes and insurance, learn what you need to do to start a business in the District of Columbia.

What would you like to name your LLC? Need time on your business name? Start now and decide later. Choose a Business Idea Take some time to explore and research ideas for your business.

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Skip to main content. Oct 12, - Food and Drink. Paige Hopkins Chelsea Cirruzzo. The s system that denied D. During that time, D. By then, many residents had moved to the suburbs of Maryland and Virginia where they had full voting rights. Black D. The first was the right to vote for the president and vice president through the 23rd Amendment, ratified in The city held its first presidential election in , voting overwhelmingly for the sitting president Lyndon B. Still, there were drawbacks to this victory.

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Self-governance was another battle. Despite such resistance, D. The next year, D.