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How to Avoid Double Taxation: LLC or S Corp?

Creating a legal entity for your startup will establish much-needed separation between you and your business. Shielding your personal assets is the first and foremost reason to think about incorporating. But let's face it. When it comes down to choosing a business structure, small business owners are typically concerned about one thing: taxes.

2019-11-13T11:32:50-08:00November 1st, 2019|Categories: Ongoing Management and Protection|Tags: , |

How to Incorporate a Nonprofit Organization Checklist

Some aspects of starting a nonprofit are similar to starting a for-profit business, but nuances exist. Incorporate a nonprofit organization can be confusing and complicated so it can be helpful to have a checklist of what you should address. Before I go any further, let’s first chat about what being a nonprofit business means.

The information that I’m about to provide you in this article is not intended as legal, tax, or financial advice. It’s for general knowledge purposes to give you some insight as you prepare to talk with your lawyer, accountant, […]

2019-12-30T09:05:42-08:00November 20th, 2018|Categories: Startup and Launch|Tags: |

How to File a Delaware Corporation Annual Report

Have you formed a corporation in Delaware or operating your business as a Delaware corporation? You may not realize that your Annual Report is due soon on March 1. Additionally, you will need to pay your annual franchise tax fee. Here’s what you need to know to stay compliant with the state of Delaware.

2019-12-04T07:46:41-08:00February 12th, 2015|Categories: Ongoing Management and Protection|Tags: |

When It’s Time to Throw in the Towel

Someone once told me that a true sign of a successful entrepreneur is the ability to know when it’s time to throw in the towel and move on. One failed business doesn’t define an entrepreneur. And the end of one venture means the start of something new. Closing a business doesn’t just mean selling your assets and calling it a day. You’ve got to go through the right steps to ensure your business is legally closed and you’re primed for what’s next. Otherwise, you’ll still be responsible for filing annual reports, filing state/federal tax returns, and keeping up any business licenses.

2019-11-30T05:05:53-08:00April 10th, 2013|Categories: Maturity and Exit|Tags: , |