The Internal Revenue Service (IRS) does not have any special category for LLC taxes. Rather, LLCs have many options and flexibility to pay taxes. Moreover, as small business, LLCs can write off many of the business expenses. In other words, LLCs have an advantage over informal businesses...
also known as a Doing Business As (DBA) certificate. This certificate is used to register your business name with the state of Texas. Note that if you register as an LLC or corporation, you don't need to file a DBA to register your business name because the LLC...
Corporation: An independent that is separate from the people who own it and can enter into contracts, loan agreements, and other relationships on its own Limited liability company (LLC): Similar to a corporation but structured in a way that reduces the personal liability of owners Partnership: ...
Well, you're in luck because I'm here to guide you through the process of obtaining the necessary licenses and permits for your business. Businesses that sell tangible personal property or services must have a seller's permit, which allows them to collect sales taxes. To qualify for a selle...
Senate Bill 20, which will allow minors in bar areas, reads in its entirety: Allows a city or town to designate an outdoor location as a refreshment area with the approval of the alcohol and tobacco commission (commission). Provides that if a refreshment area is approved, the commission des...
An S corporation (S corp) is not a business entity. It’s a tax selection that you can make as a corporation or LLC. It is designed to avoid the double taxation issues of C corporations. Taxes can be passed directly through the owners’ personal income, avoiding corporate tax rates. Mos...
Personal liability.If you fail tostructure your business(for example, as an LLC) to protect your personal assets, you may end up putting them at risk. This goes beyond just losing the money you invested in the business and could include assets such as your house or car. ...
let’s move on to the salvage and disposal work after the disaster strikes. This may be as simple as flooding in one room from a broken pipe or a window that leaked during a typhoon; it may be as large as the destruction of several rooms or most of the house due to an apartment fi...
An earthen forerunner ofFort McHenrywas built in Baltimore during the Revolutionary War, but the British never attacked the city. Construction on Fort McHenry, named after the third Secretary of War James McHenry, began in 1798. When the British did attack the fort during the War of 1812, the...
An earthen forerunner ofFort McHenrywas built in Baltimore during the Revolutionary War, but the British never attacked the city. Construction on Fort McHenry, named after the third Secretary of War James McHenry, began in 1798. When the British did attack the fort during the War of 1812, the...