Business structure simply refers to the legal structure of an organization that is acknowledged in a given jurisdiction. Note that the type of business structure you choose will more or less affect how your business is regulated, taxed, and more. Choosing a legal structure for your business is one of the first decisions you have…
In the United States, it will take up to two weeks before your EIN becomes active and part of the IRS’s permanent records. You are expected to wait until this occurs before you can file an electronic return, make an electronic payment, or even pass an IRS Taxpayer Identification Number (TIN) matching program. Have it…
Are you wondering how you can cancel your EIN in the USA? If YES, here is a detailed process of how you can cancel your EIN in 2021. If you are changing business structure, considering closing up shop for a business or retiring and selling your corporation to another entity, you may be wondering how…
The simple answer to this question is that the number EINs you are allowed is directly proportional to the number of business entities you have. A single business or entity can have only one, although there are scenarios where you will need to apply for a new one due to changes to your business. This…
Are you wondering how you can get an EIN Number in Idaho? If YES, here are 4 proven steps to get an EIN Number easily in Idaho in 2021. Every day, entrepreneurs start up new businesses in Idaho. This is because out of all fifty states of the United States, the Gem State has the third-cheapest…
Even though you are allowed legally to be your own registered agent, this responsibility can bring up so many issues especially in terms of your privacy and time. Nonetheless, here is a list of the risks that stem from being a registered agent. You Must Be Available at Your Place of Work Throughout the Entire…
As simple as choosing a business name is, it has turned out to be one very important aspect to consider while opening a business or registering one. It is a known fact that the name of your business is almost the first thing a person will encounter when they want to patronize your business; even…
Yes, any business operating in the United States without a license, or with an expired license, may be subject to penalties, such as harsh fines and/or cease – and – desist orders. Some agencies will permanently revoke a license for egregious behaviour. Other agencies will force businesses to return all profits that were collected during…
Do you want to know the forms of business ownership that cannot be subjected to double taxation? If YES, here are 7 smart ways you can avoid double taxation. What is Double Taxation? Double taxation is a situation that affects C corporations when business profits are taxed at both the corporate and personal levels. The…
Do you want to register an LLC or corporation in North Dakota? If YES, here is an 8-step guide on how to get an Article of Incorporation in North Dakota. Incorporating a business tends to protect its owners’ personal assets from liability if the corporation is sued or cannot meet its financial obligations. A corporation…
Can two companies have same business name in different countries or states of USA? Here are 4 steps to take if you find out your name exist somewhere else. Yes, it is very possible if the business name is not trademarked or registered in the same country or state. A trademark has a territorial aspect;…
Do you have a unique Business Name idea but you are unsure if it is available for use? If YES, here are 3 low cost ways to find out if a business name is taken. Look around you and you would find that there are avalanches of businesses scattered all over the globe. There are…
Are you about filing for a patent but you are considering whether to go it alone or hire an attorney? If YES, here is how much it cost to hire a patent lawyer. Have you just invented something? Or did you just come about a unique business idea that you strongly hope will become the…
Are you about starting a new business and need a tax ID number? If YES, here is exactly how to get a federal tax ID number for a new company in 5 simple steps. Tax is one of the major means of generating funds for the governments of any country so as to enable them…
Do you have an idea to protect but you don’t know how much it cost to patent it? If YES, here is exactly how to get a worldwide patent for a product or app FREE. If you haven’t had your idea stolen before, chances are that you might be wondering what the big fuss about…
What are the benefits of incorporating a small business? Why should i incorporate a business? Well, i advice you read on to find out. Incorporating a business is a must in the business atmosphere of today. Such an action has plenty of implications beyond business; psychological, legal, and even financial. Aside from seeing the glowering…
Are you about starting your dream business and want to pick a brandable name? If YES, here are 7 tips on how to choose a good business name that stands out. A business name is simply a name or title given to a particular business to serve as identification. Also a business name can be…
Do you want to protect your brand from being stolen but lack the money to trademark it? If YES, here are 5 smart ways to protect a Business Name without a trademark. The name you choose to do business with is very important. It helps people identify your brand, and also helps you build a…