As soon as you cross the line from dreaming of owning a business to becoming an entrepreneur, your first step is to establish your business in the eye of the law. The Limited Liability Corporation (LLC) is an alternative form of business ownership. Check out whether its features suit your goals, and learn the process […]
Each business entity registered or filed with the Office of Secretary of State is required to file an annual registration. This registration is due by April 1, 2016 to avoid the late filing penalty fee.
Selling a few items on Ebay or Etsy may not create large and complex tax scenarios but your business doesn’t have to be very large before you have additional tax rules to follow and understand. Some small business owners pay more taxes than they should while others find themselves in tax trouble. The IRS won’t accept […]
Have you heard the term, solopreneur? This is a term used to describe a person that runs their business without a staff. Their business is often simple in structure—often an LLC, and probably have few or no outside investors. A solopreneur often works from their home and hires only independent contractors.
If you own a small business or plan to open your business in the near future, you have to form an LLC or Limited Liability Company. Frivolous lawsuits are filed every day with the hopes of settling out of court. Attorneys know that if they file suit against you, even if you’re in the right, […]
We live in a litigation friendly country and because there are a so many people who use the legal system as a means to profit instead of recover, it is important that the new entrepreneur be cognizant of all state and federal laws when forming an LLC. Here are five legal pitfalls to avoid when […]
Think back to the last time you went to a restaurant, bar, party or concert and watched a band or individual musician. If you’re like many, you may not have thought of those musicians as an actual business. The musicians you were watching may be making the same mistake as you did and it will cost […]
Remember when you filed and were granted your LLC? You probably filed for an LLC for many reasons. Among them, shelter from legal liability as well as the ability to use your business name on official correspondence. Beware, though. In most states, applying for an LLC, paying the fee, getting your paperwork isn’t enough to […]