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The legal name is the formal, official name of your business that identifies it with the government. If you have a corporation, your name probably contains the abbreviation “Inc.,” such as Cute Boots Inc. If your business is an LLC, your name likely concludes with “LLC,” like Valley ...
Aliving trust, also called aninter-vivos trust, is a written document in which an individual's assets are provided as a trust for the individual's use and benefit during their lifetime. A trustee is named when the trust is established; this person is in charge of handling the affairs of...
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Roger Alford
Once a tenant is legally removed from the property, the landlord should immediately change the locks and follow state laws for removing the tenant’s abandoned property. Pro Tips: Make sure that you are familiar with the language of the lease being used before you attempt to serve the ...
Many LLCs will file a Beneficial Ownership Information Report. Learn the reason for these new reports and who needs to file one.Discover what a BOI (Beneficial Ownership Information) report is, why it's important, and how it impacts businesses. Learn abo
A W-2 tax form shows important information about the income you’ve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes.
Chris Ryan/OJO Images/Getty Images A legal entity name is a term that refers to a group of real people, called natural persons, that acts as one entity for legal matters.Examples of such legal matters include contracts or lawsuits. Legal entities include corporations, unions and political parti...
When a company purchases goods and services from a supplier or creditor on credit that needs to be paid back quickly. The accounting entry to record this transaction is known as Accounts Payable (AP). On a balance sheet, it appears under current liabilities. In a company, an AP department ...