Tim Kelly, J.D.

Latest Articles

• How to Open a Bank

  FindLaw explains the steps that must be taken to start a bank, which is often a costly, time-consuming endeavor.

• How to File a Fictitious Name (DBA) in Virginia: 2 Step Process

  Learn about forming a DBA in Virginia. FindLaw gives you 4 easy steps to create your DBA and answers frequently asked questions.

• What is an S Corporation?

  FindLaw explains how an S-corp is not a business structure, but rather a tax designation available to corporations and LLCs.

• What Are the Different Types of LLC?

  FindLaw breaks down the different types of limited liability companies (LLCs) and how they can benefit their owners.

• What Is an LLC Operating Agreement?

  FindLaw explains limited liability company (LLC) operating agreements and how they differ based on a business's needs.

• Business Trust Definition

  FindLaw discusses the uses of business trusts and how they provide a flexible organizational method for mutual funds.

• What Is an EIN?

  FindLaw explains Employer Identification Numbers (EINs), which are like Social Security Numbers (SSNs) for your business.

• Does an LLC Need an EIN?

  EINs are like social security numbers for your business, and it's never a bad idea for an LLC to have one.

• What Is an LLC License?

  FindLaw explains how "LLC license" is often just a commonly used phrase, not a state-issued license in the technical sense.

• What Is a Sole Proprietor?

  FindLaw explains sole proprietorships as well as the benefits and risks of using it as a business structure.