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 …
Government Agencies You Need To Know As A Business Owner Read More »
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 …
Do You Have Business Operation Systems Set Up? There are many professional services that you should know if you are running a business and need to set up your operation systems. Systems are important. “S.Y.S.T.E.M.” can be a acronym that stands for “Save Yourself Stress Time Energy and Money”. There are very useful services for …
Are Legal Issues Coming Up For Your Business? There are many professional services that you should know if you are running a business and need to set up your operation systems. Systems are important. “S.Y.S.T.E.M.” can be a acronym that stands for “Save Yourself Stress Time Energy and Money”. There are very useful services for …
Are You Tired of Handling Your Business Legal Issues by Yourself? Handling legal matters is very important. Businesses have legal issues too and you will be needing an expert in this field. One of the business legal issues that you need to consult to an attorney is drafting and reviewing contracts. A contract is an …
Does Your Nonprofit Need Tax Exemption Status? Nonprofits are eligible for tax exemption status since nonprofits do not seek to make money for the purpose of enriching themselves. How Does A Nonprofit Maintain Tax Exempt Status? You must submit your annual financial reports to the IRS and the California Franchise Tax Board. The board of …
What Is A Breach of Contract? A breach of contract is when a party fails to do a promised act or breaks the contracts’ rules. It can be a major or minor failure to perform the promise. To completely fulfill a binding contract, the parties need to perform all parts of the agreement. What Are …
What Is A Buy-Sell Agreement? A Buy-Sell Agreement is relevant when you form a business with co-owners. The Buy-Sell Agreement is a binding contract between co-owners of the business. The contract sets the terms and conditions of a future sale of one of the co-owners’ shares in the business once a triggering event occurs. The …
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 …
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