C Corp

//Tag: C Corp

How to Start an Amazon Business

Entrepreneurs and startups have recently become very unclear about how to start an Amazon business because the responsibility of online sellers to collect and remit sales tax has been an issue under debate for quite some time.

Entrepreneurs who have brick-and-mortar stores in jurisdictions that have enacted sales tax clearly must add state (and sometimes local) sales tax to customer’s bills when selling taxable goods. And then send they must send those funds to the proper tax authorities.

But what if you sell your products online to customers in other states? The rules haven’t […]

Start a Business Checklist for a Home Based Business

Knowing your how to start a business checklist for a home based business may sound simple to most people. With no need to rent or buy office space and worry about setting up workstations for employees, how tough can it be, right?

Well, although setting up shop at home offers some degree of simplicity, business owners who work out of their homes still face some of the same legal considerations companies with dedicated places of business do on how to start a business from home.

If you’re contemplating about launching a business and how […]

2019-09-03T05:40:43+01:00November 27th, 2018|Categories: Startup and Launch|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. How to Incorporate a Nonprofit Organization can be confusing and complicated and it can be helpful to have a checklist of what you should address to incorporate a business as a Nonprofit Organization. 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 on How to Incorporate a Nonprofit Organization is not intended as legal, tax, or financial advice. It’s […]

2019-09-03T05:40:43+01:00November 20th, 2018|Categories: Startup and Launch|Tags: , , , |

What Is the LLC Tax Rate?

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 […]

2019-09-03T05:40:47+01:00August 2nd, 2018|Categories: Ongoing Management and Protection|Tags: , , , , , |

The Accountant’s Role in Business Formation

How much do you value your accountant? If you answered “plenty!” then you’re in good company.

According to a survey* by Wasp Barcode Technologies, small business owners ranked accountants as the most important professional to their businesses. Not surprisingly, when asked how familiar the business owners are with accounting functions, most answered in the middle range. Most business owners would never attempt to file their business taxes without the help of an expert accountant, so why wouldn’t you turn to your accountant for help with business formation, too?

Most business owners hire an accountant […]

Hit Hard With 2017 Taxes? It’s Time To Change Your Legal Structure for 2018

It seems like you just got your business taxes handled for 2017, and now you must start worrying about 2018 taxes. That’s because the tax reforms signed into law last December under the Tax Cuts and Jobs Act will most definitely affect your business taxes—and possibly your company’s legal structure as well.

And you might be wondering how to avoid a hit like that in the future.  Maybe it’s time to change your business legal structure.

If you’re self-employed and operating as a sole proprietor, I suggest exploring if a change in legal structure […]

2019-09-03T05:40:56+01:00May 9th, 2018|Categories: Ongoing Management and Protection|Tags: , , , |

How to Budget as a Freelancer

Creating a budget as a freelancer shouldn’t be any harder than it is for any other small business. And yet, the rollercoaster ride of finding and keeping clients, collecting invoices, marketing your business and juggling all of this yourself can create major budgeting headaches. Income predictability is a challenge unique to freelancers, according to a recent survey by Upwork and Freelancers Union. Fortunately, there are many simple steps you can take better learn how to budget as a freelancer.

Step 1: Keep Business and Personal Finances Separate

Even if you used personal assets to […]

2019-09-03T05:41:30+01:00February 15th, 2018|Categories: Ongoing Management and Protection|Tags: , , , , |