What business owners should know about annual meeting minutes for corporations. What are they, who must have them, and how do you create them?
Ongoing Management and Protection
Are sales in a seasonal slump? There's no need to worry! Here are five marketing ideas to grow your business during slow times.
Finish 2018 right with all of your business compliance requirements in order. This end of year business checklist will help.
What Is the “Corporate Veil”?
When a company is formed as a Limited Liability Company (LLC) or corporation, it is regarded as its own legal entity. Therefore, the business—rather than its owners—is held accountable for its debts and legal responsibilities.
“Corporate veil” (also called a “corporate shield”) is a business term that refers to the legal distinction between an LLC or corporation and its owner(s). It is the legal separation established by keeping a company’s activities, assets. and liabilities independent from those of the business owner(s).
Is it Necessary?
The corporate veil, when kept intact, helps […]
If you’re starting a retail business (whether online or at a brick and mortar location), you’ll want to apply for a reseller license. A reseller license certifies you don’t have to pay sales tax when buying products on a wholesale basis for the purpose of reselling them to customers.
In some states, a reseller license might alternately be called a reseller permit, resale license, resale certificate, sales tax permit, or some other term. Regardless of its name, its purpose is to identify your company as a reseller.
Reseller License and Sales Tax
In the United […]
Before forming an LLC, many entrepreneurs ask about the standard LLC tax rate to see if this form of entity is a solid option for their new business. This is an excellent question and one that can be best answered by exploring what an LLC is and how it is taxed.
The LLC (limited liability company) business entity type is one of the most popular selected by small business owners. It shields the owner’s personal assets from the liabilities of the business and may result in some tax savings to boot. The LLC […]
Entrepreneurs who want to sell their products through Amazon’s marketplace face many of the same opportunities and challenges as brick-and-mortar stores. Naturally, they have a lot of questions about launching and running an online business. It’s exciting to think of the possibilities but often daunting to figure out where to start, what to do, and where to turn for help and direction.
One of the things these business owners want to know is, “Do I need a business license to sell on Amazon?”
Regardless of whether an Amazon seller has formed an LLC […]
Picnics, fireworks, sparklers, and red, white, and blue-themed decorations every Fourth of July. Many of us pull out all the stops to celebrate the freedoms we enjoy here in the U.S.A — and rightly so! We have a lot to be thankful for.
As my family celebrates this holiday, I thought about how fortunate we are to be small business owners. In a way, every day is Independence Day for entrepreneurs who have taken charge of their own destinies. So what better time than this week to take pause to reflect on your […]
Trademark vs. service mark? What’s the difference? Both are issued by the United States Patent and Trademark Office to distinguish a brand’s products and services from those of other businesses. Trademarks distinguish a company’s products, whereas a service mark relates to the services a company provides. Both fall under the category of intellectual property.
Why Apply for a Trademark or Service Mark?
When you’re building a brand, it’s important to differentiate yourself from your competition. Moreover, the last thing you want is for another company to hijack your company name or logo and confuse […]
School’s out! Chances are your kids are celebrating right now because weeks of summer vacation beckon. But, if you’re starting a business or running a business, and you have school-aged children, you’re likely feeling a little conflicted.
Entrepreneurs like you and me struggle a bit in the summer—trying to balance our desire to be great business owners—and great parents.
While I love (and truthfully look forward to) having my kids at home during the summer months, I confess it’s getting increasingly harder to keep them occupied while I’m hard at work.
I know this is […]