Government Agencies You Need To Know As A Business Owner

Are You Familiar With The Government Agencies As A Business Owner? Get Familiar With The Main Government Agencies! In order to run your business, knowing the government agencies will help! For submitting federal income tax payments & obtaining Employer Identification Number (EIN) for your business, you will go to the Internal Revenue Service( IRS). For submitting state income tax payments for a business registered in California, you will be required to go to the Franchise Tax Board (FTB). Also, there are separate government agencies for submitting payroll taxes & sales taxes. The Employment Development Department (EDD) is in charge of [...]

Government Agencies You Need To Know As A Business Owner2022-09-08T23:17:02-07:00

Do You Know What Is A Sole Proprietorship?

Sole Proprietorship! This is the default business entity form. Do You Run A Business? Do You Know What Is A Sole Proprietorship? When you don't register your business with the Secretary of State, your default status is a "Sole Proprietorship". You do not need to register your business to operate as a Sole Proprietor. Additionally, if you want to operate your business under a name other than your own, you can always file a "Doing Business As" (DBA), which is also known as a Fictitious Name. Once filed with the proper municipal agencies, the documents can be used [...]

Do You Know What Is A Sole Proprietorship?2022-09-12T18:41:13-07:00

How To Form A Business

Why Form A Business Entity?  The main reason to form a business is to earn profit.  Whether you operate as your own business or as a company or corporation or any other formal legal entity, the same reason applies - earn money.  However, the law offers various protections when forming a business.  The informed business owner should be familiar with the legal issues.   There are many legal issues to form a business.  If you are operating a business venture in your own name then you are legally at risk.  When you form a formal legal business entity, there are advantages [...]

How To Form A Business2020-04-19T12:35:38-07:00

Nonprofit Public Benefit Corporation

WHAT ARE MEMBERS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION? Membership for a Nonprofit Public Benefit Corporation is optional.  The reasons for providing membership in a nonprofit include: (1) Attract funds through membership, or (2) Establish support in the community.  However, many administrative burdens are associated with forming a membership organization and it is more common for a nonprofit to not have members.   If the nonprofit includes membership, the Bylaws must address the controlling provisions for membership such as qualifications, method of selection, expulsion, dues and fees, notice and frequency of meetings, the number required for a quorum to make decisions, [...]

Nonprofit Public Benefit Corporation2020-03-20T22:42:39-07:00