Business · June 16, 2023
Attention small business owners! Beginning January 1, 2024, the Corporate Transparency Act will require small businesses to file an annual report on the majority owners of the business, and failing to file the report comes with real consequences. So what exactly does this mean for you and your business? Read on to discover what to disclose, the consequences of non-compliance, and the steps you can take to ensure your business stays compliant.
Business · January 05, 2023
Ignorance of the law does not constitute a defense. One small oversight in your LLC agreement, and you might lose control over your business - and every dime it brings in.
An LLC agreement tailored to your specific needs might be the difference between success and failure for your new business endeavor or startup.
Before you even start, know how to set up your LLC the right way by reading this article. Learn more...
Business · December 29, 2022
Nominees let you do business without putting your personal information in the open. When you work with a nominee, your name and contact information are hidden from the companies selling and shipping products to you. Nominees can help you open a new bank account, get insurance, or borrow money. You only need to give the nominee your private financial and personal information, which will not be shared with the businesses you contact. Read more and find out how nominations work...
Business · November 17, 2022
Choosing the right business entity can have a big impact on your tax obligations. How do you decide? You need to start by understanding what relationship your business entity has with the government. In part 2 of this series, we'll cover the tax treatment of the remaining two entity structures: C Corporations and S Corporations along with discussing the benefits and drawbacks related to each one. Read more here...
November 10, 2022
Need to know how your choice of business entity affects your tax obligations? If you are not cautious, taxes can eat up a large chunk of your profits. Choosing the proper business structure can be complicated, but following our guidelines will help simplify things. Part 1 of this series looks into sole proprietorship, partnerships, and (limited liability company) LLCs. Read more here.