Posts by Melissa Clark
BetterLegal, another business formation service, recently made some claims about Incfile that are simply not true.
When launching a new business, a strong name can help you attract and connect with customers. Here’s what you need to know before naming your business.
Before you start your Amazon business there are a few key areas you need to focus on. You will need to establish if there’s a demand for your products, look at potential benefits and pitfalls, understand how your business finances might look and ensure everything is in order. In short, you need a business plan […]
Entrepreneurs forming an LLC and using a fictitious business name should watch out for disreputable companies offering to renew a business name filing for excessive fees. A Victorville, California, business owner thought twice before sending in the $125 fee to an official-looking company that threatened his LLCstatus would expire, reported the Victorville Daily Press. The California attorney general […]
Entrepreneurs can avoid double taxation and lower their tax rates through incorporation, especially by forming an S corporation from their existing LLC or C corporation. Many LLC members pay a self employment tax that can be reduced to a lower payroll tax by forming an S corporation and allocating a small portion of profits for personal salaries, according to Wayne […]
LLCs are one of the most commonly chosen business structures among entrepreneurs who are starting a company. With the help of online incorporation services, it’s simple to file an LLC, but it’s smart to know how to use this structure to its full advantage. Business Insider offers some insight on how to make the most of an […]
Entrepreneurs are likely finishing up their 2009 tax filings. As they prepare to leave last year’s finances behind them, it might be wise to look ahead to tax trends for 2010. One small business resource center offers some insight on what the coming tax year may hold for the small business community. To start, they predict […]
When forming a company, one question an entrepreneur spends a lot of time thinking about it what legal entity they should choose. Smart Business Network contributor Mark Klimek says that filing an LLC will give the company the flexibility it may need further down the road. But even with careful planning, as a company expands, it may […]
The number of minority-owned businesses in the U.S. has shown a significant increase in recent years, according to figures from the U.S. Census Bureau. From 2002 to 2007, the number of minority entrepreneurs who have started an LLC or other business type increased 46 percent to roughly 5.8 million companies. Small business growth by minorities […]
Entrepreneurs who decide to start a corporation as opposed to a looser structure such as a sole proprietorship, need to carefully follow all of the practices and mandates that come along with it in order to avoid trouble with the IRS. In Entrepreneur magazine, Bonnie Lee notes that corporations come with the responsibility to hold […]