Another type of indemnification is statutory indemnification. This type grants corporations the statutory right to indemnify their directors, officers, and employees, protecting them from being personally liable for their employer's actions. Indemnification Clause Indemnification provisions are commonly includ...
Since an LLC is a separate legal entity, you need to apply for an Employer Identification Number (EIN) after it's formed. You need an EIN to pay your company's taxes (even as a disregarded entity) and open a business bank account. Step 6: Comply with Other Requirements Aside from gett...
Most proprietary agreements include exceptions that outline when proprietary information may be disclosed. Although these may vary from agreement to agreement, it is common to allow for an exemption if the information is or becomes generally available to the public. In addition, a receiving party is...
If you make more than the allowed amount, you may not qualify for a Roth IRA. Should you contribute to a 401(k) or a Roth IRA? You don't have to choose. As long as you're eligible for a Roth IRA, you can contribute to that alongside an employer-sponsored retirement plan like a...
Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and...
h.Other entities in connection with a corporate transaction: We also may transfer your personal information in connection with a sale, acquisition, merger, change of control, bankruptcy, joint venture, or similar transaction involving some or all of our assets. If required by law, we will take...
Republican congressman Dennis Hedke, the chairman of the Kansas Congressional joint committee on energy and environmental policy – who has ties to the oil and gas industry –arranged for his committee to hear arguments to delay or eliminate these requirements. This Thursday, the commitee has its ...
What Is a 401(k)? A 401(k) is atax-advantagedretirement savings plan. Named after a section of the U.S. Internal Revenue Code, the 401(k) is an employer-provided,defined-contribution plan.1The employer may match employee contributions; with some plans, the match is mandatory. ...
The IRS dictates not only how much money you can deposit in a Roth IRA but also the type of money that you can deposit. Basically, you can onlycontribute earned incometo a Roth IRA.5 For individuals working for an employer, compensation that is eligible to fund a Roth IRA includes wages...
What Is the Income Exclusion Rule? The income exclusion rule sets aside certain types of income as non-taxable. There are many types of income that qualify under this rule, such as life insurance death benefit proceeds,child support, welfare, andmunicipal bondincome.1 Income that is exclude...