If you are currently in the process of ending the business’ operations, take care of these areas to ensure your business is officially terminated with the state.
What’s the difference between an S Corporation and a C Corporation? Read this blog to learn whether an S Corp or C Corp is the best fit for your small business.
One of the first and most important decisions a new business owner will make is developing a name for the business. It can also be a costly mistake if you fail to do your legal homework. You need to research if the name and trademark are available.
As a solopreneur, you expose yourself to a wide variety of risks, from environmental to digital. Fortunately, you have access to a wide range of business insurance types, including cyber insurance, to protect yourself and your business against these unforeseen dangers.
Many employers are learning the hard way that mistakes made during the hiring process can result in costly and time-consuming discrimination claims. Read these real-life cases which highlight some employment-law blunders and their high cost to companies.
When you’re starting a small business—or running a growing one—there are so many expenses competing for your limited dollars that it’s easy to ignore business insurance. Spending money to protect against possible risks in the far-off future seems like a waste of your precious capital.
Congress recently passed the “Tax Cuts and Jobs Act” which impacts both individuals and businesses. Learn what are the two important changes in 2018 that will affect every business owner in the United States.
You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Certain expenses for business travel are deductible as long as they meet two criteria: They must be “ordinary and necessary” in the course of doing business, and they must be documented.
Do you ever hit snags when handling time off for salaried employees? There are specific guidelines surrounding pay deductions for salaried, exempt employees. Read the more common situations — and what you should do to stay on the right side of the law.
Back taxes can have serious consequences for a small business. They accrue interest and penalties, so your tax debt can quickly snowball. The IRS will hold any tax refund your business is entitled to until the past-due taxes are paid.