Contrary to popular belief, the legal structure of your business is not permanent and can change to meet the needs of your evolving family business. Your family business's legal structure plays a role ...
When starting a new business, owners must decide which type of entity, or business structure, to choose. The business entity choice determines how taxes are filed, what accounting methods to use and ...
Choosing the right business entity form for a new company seems like a straightforward choice, but there's actually a lot of nuance — and potentially a lot at stake in regard to future tax liability.
A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...
Over the years, I have been frequently called to assist in cases of wrongful termination. See What To Do When Your Business Entity Has Been Wrongfully Terminated. Rarely have I encountered the ...
(This post is part of my Small Business Startup & Survival Guide. You can catch up on the whole series here.) When you're getting started in business, it can be tempting to rush through to get to the ...
Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, ...
As a small-business owner, you may be thinking about outsourcing work to save time and expand your services. Before taking this step, make sure you ask contractors or companies to fill out a W-9 form.
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During one of my webinars earlier this year, a participant wanted to know if it's possible to dissolve an entity in one state but continue to operate in other states where the company has a ...