If you’re in the process of forming a business, you’re likely realizing that there are many criteria that you need to consider. One of those options is stock. While LLCs cannot issue stock, corporations can do so. In fact, some states require corporations to issue stock to shareholders. However, owners have some flexibility in the..
To incorporate a company, new business owners must complete a large amount of paperwork. Unfortunately, when they go to found their company, many business owners are unaware of just how much paperwork is required. They can quickly become overwhelmed and miss critical deadlines that could end up harming their business significantly. Additionally, many business owners..
If you have recently started a new business, you have likely quickly become aware of the time requirements necessary to do. Unfortunately, soon after founding their company, many entrepreneurs realize that running a business takes more time and effort than they had initially anticipated. As a result, young business owners become burnt out, having nothing..
Congratulations! You’ve successfully formed your first company after filing Articles of Incorporation with your local Secretary of State’s office. Unfortunately, the administrative process of incorporation is not yet complete. There are a few more things that you’ll want to do to ensure maximum success. One of the steps you need to take after incorporation is..
Last year, Congress passed a new business tax law that overhauled the entire financial system. Not only does the law impact individuals, but it also affects small business owners as well. As the year comes to a close, it’s critical that small business owners understand how the new business tax law will impact the returns..
When you first formed your LLC, you may have been the sole owner of the company. Perhaps, at most, there were a few other members who you worked alongside to get your project up and running. But now that your business is successful, it’s time to consider hiring employees. As a young entrepreneur, you may..
If you’re an independent contractor working remotely, you have likely acclimated yourself to your billing and invoicing system. After completing a project, you’ll submit an invoice for the work that you completed. Your client will then pay you, often via PayPal, Google Pay, or some other similar platform. At the end of the year, you’ll..