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What Is Limited Liability And Why It Is Important? By: | Nov 29th 2010 – Limited liability is a way to make sure that a person who is engaging in business does not risk his or her personal possessions in case the business fails. In other words – you risk what you put in. Tags: What Is "corporate Veil" And How It Can Be Pierced By: | Nov 6th 2010 – If you are a business owner, one of the most significant reasons to incorporate or form a limited liability company ("LLC") is to protect your personal assets from a business creditor’s claims against your company. This ability of a properly-formed and maintained company to shield its owners from personal liability is somet … Tags: Selling Tobacco Products: How To Obtain Cigarette License. By: | Oct 31st 2010 – A cigarette license or a retail cigarette/tobacco license is a legal document issued by the concerned state department (as well as city/county) which signifies that a business is legally allowed to sell cigarettes and other tobacco products in accordance with the state law from a specified location to the consumers who are … Tags: Apostille: Certifying Your Important Documents. By: | Oct 31st 2010 – An apostille (french for certification) is a special seal applied by a government authority to certify that a document is a true copy of an original. Apostilles are available in countries, which signed the 1961 Hague Convention Abolishing the Requirement of Legalization of Foreign Public Documents, popularly known as The Ha … Tags: What Is Certificate Of Good Standing And How To Obtain It. By: | Oct 31st 2010 – Certificate of Good Standing is a certificate issued by the Secretary of State’s Office evidencing that a business (corporation, LLC, partnership, etc.) has complied with the applicable provisions of the laws of the state, is in good standing, and authorized to transact business or to conduct affairs within the state. Tags: Closing A Chapter: Dissolution Of Your Legal Entity. By: | Oct 31st 2010 – Various reasons could lead to the dissolution of the business, such as bankruptcy, retirement, or change in career direction. When a business entity is no longer doing business, it is very important to follows the legal steps in "winding itself up" as a legal entity. Tags: Amending Your Company Name. By: | Oct 31st 2010 – Entity Name Amendment is a legal act of changing the name of your corporation, LLC, or other business entity that you use. Companies are authorized and bound to do business only using their legal names filed with the registering state. When changing its name, company must get an approval from the state BEFORE officially usi … Tags: Selling Retail: How To Obtain Your Sales Tax Id. By: | Oct 31st 2010 – Sales tax is a tax on the end-purchase of a product or a service, and is imposed on all retail sales, leases and rentals of most goods, and on some services that are considered taxable. Sales tax normally does not apply on the purchase of a product intended for re-sale or for subsequent processing. Sales tax is usually repr … Tags: Incorporation 101: Publication Of Legal Notice. By: | Oct 29th 2010 – Publication of a legal announcement (or legal advertising) is a form of classified advertising usually mandated by a state or local law. Legal announcements are published in approved newspapers or journals that serve to inform the public in a specified area. Tags: Incorporation 101: What Is Registered Agent? By: | Oct 29th 2010 – A registered agent (sometimes also referred to as "resident agent") is the person appointed to accept legal documents on behalf of the corporation. Corporations and LLCs must choose a person to act as their registered agent, so in case someone sues them the papers will be served on the registered agent at the registered off … Tags: Incorporation 101: What Is Foreign Qualification? By: | Oct 29th 2010 – If you are planning to develop business operations in the state other than the state in which you are currently doing business, then you must file for Foreign Entity with the new state (in which you want to conduct business). Foreign Entity status will help you to enjoy all benefits that a domestic corporation may have in t … Tags: Incorporation 101: The Process Of S-corporation Election. By: | Oct 29th 2010 – The election of S corporation status is made by filing a form called "Election by a Small Business Corporation" with the IRS Service Center, where the corporation files its corporate federal income tax return. The election of the S corporation status must be unanimously approved by all of the shareholders by having all of t … Tags: Incorporation 101: Federal Employer Identification Number. By: | Oct 24th 2010 – An Employer Identification Number (EIN) is used to identify a business for tax purposes with the Internal Revenue Service (IRS). An EIN is similar to a social security number for your business. Every business, except for certain sole proprietorships that do not have any employees, should have such EIN. Tags: Incorporation 101: Not-for-profit Corporations. By: | Oct 24th 2010 – Non-profit organizations are established for a variety of purposes, most commonly charitable, educational or religious. Some common examples are schools, hospitals, houses of worship, museums, fraternal organizations, food banks, homeless shelters, trade unions and other volunteer organizations. Non-profit organizations mus … Tags: Incorporation 101: What Is S-corporation? By: | Oct 24th 2010 – S-Corporation is a regular corporation that has 100 shareholders or less and that passes-through net income or losses to its shareholders for tax purposes (similar to sole proprietorship or partnership). Since all corporate income is "passed through" directly to the shareholders who include the income on their individual ta … Tags: Incorporation 101: What Is C-corporation? By: | Oct 24th 2010 – Corporation is a legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. Corporation is owned by shareholders, the Board of Directors governs the business, and elected officers manage the day-to-day activities. Corporation must adhere to corporate tax law … Tags: Incorporation 101: The Nature Of Limited Liability Companies By: | Oct 24th 2010 – Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. It is neither a partnership nor a corporation, but a distinct type of business structure that offers an alternative to those two traditional structures by combining the corporate advantages of limited liability with the partners … Tags: Delaware Vs. Nevada Vs. Wyoming: Comparing Incorporation Heavens. By: | Oct 18th 2010 – It is commonly recognized today that Delaware, Nevada and Wyoming can all be called "incorporation friendly" states due to their corporative laws and relatively low (or non-existent) fees and taxes. However, how would a person choose between the three? This article runs a comparison between the three states, summarizes the … Tags: Llc Vs. Corporation: What Entity Is The Right For You By: | Oct 18th 2010 – You finally decided to form your own legal entity. However, how would you know which one is the best choice for you particular needs? To make this choice wisely it is important to understand the basic differences between various types of legal entities. This article focuses on comparison between LLC (limited liability compa … Tags: Delaware: The Incorporation Capital Of America By: | Oct 18th 2010 – Delaware is famed to be the "incorporation capital" of America – more than 60% of Fortune 500 companies are incorporated in Delaware. The reason why so many Fortune 500 companies are drawn to this state is the fact that Delaware has an excellent body of corporate case law spanning 110 years regarding such matters as managem … Tags: Wyoming: The Incorporation Underdog Or Why You Should Choose Wyoming Over Other States By: | Oct 18th 2010 – Wyoming is one of the best places to establish a company, and this is proven by the fact that a very high percentage of the companies dealing on Wall Street are registered in Wyoming. More and more people choose to incorporate in Wyoming because of the friendly conditions offered by that state. Tags: Nevada: The Incorporation Capital Of The West By: | Oct 15th 2010 – For years Nevada claims to be the "incorporating capital of the west", and to support that claim it has spent more than a decade developing the appropriate legal infrastructure. More and more people choose to incorporate in Nevada because of the friendly conditions offered by that state. Tags: Incorporation 101: How To Choose The Right Name For Your Future Company By: | Oct 15th 2010 – Choose the name of your legal entity carefully. It is important for the chosen name to portray the image you want for your new company. Legally, the name you select must not be "deceptively similar" to any existing company, or must be "distinguishable on the record" of your state. Tags: Incorporation 101: Where Should I Incorporate? By: | Oct 15th 2010 – Once you have decided to incorporate or organize your business as an LLC, you need to choose the state to your new legal entity. Not all businesses necessarily need to be organized in the state where you are currently located. Each state has its own legal requirements and registration procedures for new businesses wishing t … Tags: Incorporation 101: What Type Of Legal Entity Should I Choose? By: | Oct 15th 2010 – Once decided to become involved in a new business venture, how would you know which legal entity is the right for you? The choice of entity would influence many aspects of the life of your business, from taxation to liability limitation and more. Tags: Incorporation 101: Who Should Incorporate? By: | Oct 15th 2010 – In today’s complex and competitive world there is no greater way to protect yourself and your personal assets from the threat of lawsuits than by incorporating, whether you’re a small business owner with no employees, or run a serious business establishment with hundreds. Incorporating is also a simple and legal way to cut … Tags: 相关的主题文章: