Tag: business incorporation

What Will the Coronavirus Stimulus Package Do for Your Small Business?

What Will the Coronavirus Stimulus Package Do for Your Small Business?

As this article is being prepared, the Senate has already passed the coronavirus stimulus package, and members of the House of Representatives are traveling to the nation’s capital for a vote. If the package is passed as-is, how will your small business benefit? Here are a few highlights: Direct payments – Unless you or your […]

Why You Should Have Business Contracts in California

Why You Should Have Business Contracts in California

In California, you can argue breach of contract in a court of law, even if you only had a verbal agreement with someone. So that does that mean business contracts are useless? Absolutely not! In fact, there are some situations where the courts will not hear your case unless there is a written contract. Here […]

How to Know If Your Small Business Requires an Employer Identification Number (EIN)

How to Know If Your Small Business Requires an Employer Identification Number (EIN)

Many small business owners get confused as to whether they need an EIN. The secret is in what the acronym stands for – employer identification number. Clearly, this number, which is acquired from the government for tax purposes, is primarily for businesses with employees. With that in mind, a sole proprietorship falls into one of […]

How to Incorporate Your Business in California

How to Incorporate Your Business in California

You may be interested in the tax benefits of incorporating your small business in California, but perhaps the task seems too daunting. Here is a quick checklist to help you get the protection of forming your new business as a corporate entity. Come up with a name – Use the California Secretary of State website […]

Don’t Make These Mistakes When Forming Your New Business

Don’t Make These Mistakes When Forming Your New Business

Forming a new business can be a daunting task, especially if you want to create an LLC instead of a sole proprietorship. While there are plenty of benefits, you need to watch out for some potential pitfalls if you want to attain those advantages. Here are a few mistakes to avoid: Thinking it’s too difficult […]

How to Maintain Your Small Business’s Corporate Status

How to Maintain Your Small Business’s Corporate Status

There are many benefits that can be derived from incorporating a small business. For one thing, you get protection for your personal assets by separating them from your business. You also get a number of tax benefits, including deductions that can only be taken by corporations. But these benefits only continue as long as you […]

What Is an S Corporation (and Is It for You)

What Is an S Corporation (and Is It for You)?

Incorporating can have some great benefits for a small business owner. However, it is important to understand the different types of corporate formations and whether or not they will meet your personal business needs. Here are some things you should know about an S corp. What Is an S Corporation? Organizing your business as an […]

3 Reasons to Incorporate Your Small Business

3 Reasons to Incorporate Your Small Business

When you start up a new business, you have a number of business formation options. Small business owners choose a sole proprietorship since it is the easiest to set up. However, there are several big advantages to incorporating. Here are three reasons to consider it. Tax savings – Self-employment tax is basically a double tax […]