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