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Can I Use My Virtual Office Address as My Legal Business Address?

A virtual business address can be an extremely helpful service for small business owners. Virtual address services give you a presence in states, cities and other locations so that you can easily...

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I Want to Start a Business But Have No Ideas. Where Should I Begin?

You’re feeling the creative urge of the entrepreneur. It’s time to build something new — a business that can turn your thoughts and dreams into reality. There’s just one tiny problem. You have no...

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Filing Taxes as an S Corp: The DIY Guide

Filing taxes as an S Corporation can be a very effective way to lower your self-employment taxes and could save you thousands a year (if you make over $70,000 a year, that is).

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Can an LLC Be a Nonprofit? 12 Rules That Apply

Most nonprofits are formed as corporations as opposed to Limited Liability Companies (LLCs). This may be because the requirements to form a nonprofit corporation are less stringent than what’s...

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How Do You Obtain Free Business Address for Your LLC?

In establishing an LLC, you must have a physical address. In many states, using a P.O. Box can lead to your formation paperwork getting rejected. The other option is to list your home address if you...

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What Is a Virtual Office? Does Your Business Need One?

One of the most appealing things about being a small business owner is that you often have the ability to work from anywhere. If you’re offering products and services online, that gives you a great...

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How Do You Choose the Best Legal Entity for Your Business?

Strong buildings, whether a modest family home or a towering skyscraper, have one key element in common: They are built on a solid foundation. By starting with the right structure, they can grow,...

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How Do I Add My Partner to My LLC?

Your business is expanding, and it’s time to bring in some new experience and expertise. Adding a new partner, also known as a member, to your LLC doesn’t need to be complicated. But, it’s also...

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When Should I Apply for an EIN Number? Can I Apply at Any Time of the Year?

The best time to apply for EIN number is when you form your business entity, though you can obtain an EIN even before officially starting your business.

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Tax Avoidance vs. Evasion: Are You Unknowingly Committing Either?

"They can't collect legal taxes from illegal money." These rather boastful words are those of the notorious Chicago gangster, Al Capone — before the IRS caught up with him in 1931 and he was...