The term LLC stands for “limited liability company.” As the name suggests, there are definite legal and financial benefits to forming an LLC. However, creating a new LLC must be done properly in order for your business to remain compliant with federal and state laws and avoid penalties. Here are 2 legal tips on how […]
As a new business owner, one of the things you will have to do is a break-even analysis. A break-even analysis will predict when your business will earn enough revenue to cover the expenses. For an accurate analysis, you will need to predict what your costs and profits will be. Here are some tips to […]
If you hate paying corporate income taxes and then paying personal income taxes on business profits, now may be the right time for you to form an S-Corp. However, there are consequences, such as IRS scrutiny, that you must consider carefully before you make the decision. To help you decide, here are two signs now […]
There can be certain times when laws seem a bit hazy. In order to ensure the safety of your company and the happiness of your tenants, make sure to be aware of these laws: THE LANDLORD-TENANT LAW For privacy reasons, landlords are not typically allowed inside a tenant’s home without due reason. There are specifications […]
Has your client approached you for advice on forming a new business entity? Perhaps you are familiar with the nature of the business’s management but lost in matters regarding entity formation. Creating a new business has several procedures beyond having a perfect idea. In this article, we discuss 3 tips you can use when forming […]
Starting a new business is an exciting time and most people embarking on this journey are ready to make money right away. That eagerness is fuel for growth, but if left unchecked, it can lead to you skipping multiple business laws that are necessary to follow in growing your business the right way. Make sure you’re protecting yourself and your assets by doing these 3 things.