Besides, business owners often make business decisions without considering hidden costs, and starting an LLC is no different. For instance, the LLC filing cost is $50 in Arkansas and $102 in Wyoming. Based on these numbers, you may prefer Arkansas over Wyoming. But while the annual LLC fee ...
The Benefits of Business Entity RegistrationFirst things first: you need to register your business entity. That means deciding whether you want to be a corporation, LLC, partnership, or sole proprietorship. Personally, I recommend going with an LLC treated as an "S" corp. Why? Because it affo...
While they’re internal documents and typically don’t need to be publicly filed, having them in place is crucial. They help ensure consistency and order as your business grows and evolves. In a way, they’re similar to an LLC’soperating agreement, but they’re even more detailed and vit...
Corporations offer significant benefits like personal liability protection for shareholders, the ability to raise capital by selling stock, potential tax advantages on corporate income (especially for an S corporation), and enhanced credibility in the business world. What are the disadvantages of a corpo...
If only everything were as easy as getting rid of an outdated tax on a hygiene necessity. Unfortunately, lawmakers in Michigan spent most of their time fighting last year, and this was the result. The Governor of Michigan held the power to make emergency orders when needed according to a ...
Corporations offer significant benefits like personal liability protection for shareholders, the ability to raise capital by selling stock, potential tax advantages on corporate income (especially for an S corporation), and enhanced credibility in the business world. What are the disadvantages of a corpo...
Francis Scott Key wrote The Star-Spangled Banner in 1814 after witnessing a British bombardment of Fort McHenry in Maryland during the War of 1812. In 1916, President Woodrow Wilson signed an executive order designating it as the national anthem. An act formally making it so was passed by Cong...
In addition, New Silver also offers 30 Year Hard Money Loans for Rental Properties specifically. Another big risk when working with a hard money lender is that if the borrower defaults on the loan for an extended period of time, a hard money lender can potentially force the property into ...
Hi I live in Maryland and want to start a roadside assistant what kind of license/permits and insurance do I need for this business? I know about cars I have a dodge van to start and some tools just need some help on how to go about starting. Thanks Charles Butler said on September ...
Yes, an honest shop will make it. You can charge less because you don't have the same expenses as a shop. In a small town you will need those other shops if you are to make it full time. Try not to burn bridges. Also watch things like sales tax. Dot I's and cross T's. ...