July 21 2020
Business plans are the heart of your idea and the proper execution of your creation. Most businesses fail due to a lack of proper planning and proper budgeting.A business plan allows business owners and future business owners to put ideas on..
July 21 2020
You have formed your business, and you’re super excited to get started, but now you have to organize the company and lay out some rules.Start with Bylaws.Bylaws are legally binding and governed by a higher authority, such as the state or federal..
July 21 2020
U.S. taxpayer identification numbers include a Social Security Number (SSN), which is issued to individuals, and an Employer Identification Number (EIN), which is issued to individuals or entities. In addition, an Individual Taxpayer Identification Number (ITIN) is..
August 1 2020
C-corps are mostly publicly-traded companies, meaning they can allocate stock and sell on the stock market. They are governed by a board (CEO,CFO, etc) and are taxed on both company profits and the shareholders' dividends...
August 1 2020
Dividends are company earnings paid to shareholders on a pre-determined basis throughout the year, such as quarterly, semi-annually, etc.Dividends are particular to C-corps only, because they are public companies trading in the stock market...
August 1 2020
Sole proprietorships are individually owned and operated. The business and the business owner are the same. One of the drawbacks of sole proprietorships is the lack of tax right-offs afforded to LLC’s and corporations...