Protecting your intellectual property is so important. Your name, logo, and business creations tell your customers who you are. So making sure that no one can steal your company’s brand is one of the first steps you should make when starting a business. We asked some of our small business experts if they had any IP horror stories from when they were first starting out. Here’s what they had to say… Continue reading
An Employer Identification Number, also called an EIN or a Federal Tax Identification Number , is a unique set of digits assigned to a business by the IRS. With it, tax agencies can easily track the financial activity of your company, and make sure that you pay your taxes. But, if you run a sole-proprietorship, the IRS can already do that using your personal social security number. So in what cases do you need an Employer Identification Number?
When you hire someone
The only time you can really get away with using your social security number is when your business is considered a sole-proprietorship, and you’re the only employee. The IRS figures, in cases like that, the company’s profit flows directly to you, and you pay your taxes from that. But that changes the minute you bring anyone on to help run the company, and that includes a business partner. Once you start hiring, your company must have an EIN.
When you form an LLC or Incorporate
Incorporating or forming an LLC separates you and the business. Continue reading
April 15th isn’t anyone’s favorite day; tax day typically brings on a feeling of dread, but we wanted to give you something to look forward to this year! In honor of tax day, we are offering our basic package for half the price. That means you get the formation of an LLC or Corporation, normally priced at $69, for half the price!
Whether you’ve been thinking about starting a business for as long as you can remember or have only recently begun tossing around the idea, now is your chance!
All you need is the code: TAXDAYDEAL
Give us a call at 1-877-692-6772, or visit our website at www.MyCorporation.com to start your business today!
On today’s MyCorp FAQs segment, we’ll be going over the difference between a DBA and a trademark- two things many of our customers have confused in the past. It’s easy to see how the two could be confused when they both offer the same service: protection. Both a DBA and trademark will protect your business’s name, but it’s the ways in which they protect, and the lengths they go to that differ. Continue reading
April 15th is just around the corner, and the buzz word on everyone’s mind is “taxes!” We’ve gathered tax statistics from far and wide to give you our latest infographic: “2015 Tax Statistics.” From the states that receive the most revenue from sales tax, to tax rates by country, we walk you through this year’s must-know tax facts.
En primer lugar, ¿qué es una disolución?
Una disolución es un cierre formal de una empresa con el Estado. Una corporación o LLC deben presentar los artículos de disolución con el fin de completar la terminación de un negocio. Al momento de su disolución, la empresa ya no tendrá que presentar informes anuales, pagar cuotas estatales, impuestos, o ser visto como activo en los ojos del Estado.
Cuando se disolvería un negocio?
Disoluciones son para las empresas que han seguido su curso. Tal vez la elección del propietario para pasar a una empresa diferente, o hay más tiempo ni dinero en ese negocio en particular. Cualquiera sea la razón, a veces los dueños de negocios quieren disolver voluntariamente su negocio.
Aunque a veces, un negocio involuntariamente se puede disolver.
Aunque ningún pequeño empresario nunca tiene la intención para que esto ocurra, a veces las empresas se dividen en “mala situación”. Esto puede suceder cuando usted no puede enviar su informe anual, paga por el impuesto a bordo de franquicia, o cualquiera de los honorarios de presentación. Si su empresa se ha marcado con un mal sello de pie, podría eventualmente ser involuntariamente disuelve. Al estar disuelto, su negocio ya no tiene ninguna de la protección o beneficios financieros que una LLC o corporación presentado tiene. Así que si no lo decía en serio para que su negocio sea disuelve, es en su mejor interés de restablecer lo antes posible. Averigüe por qué fue que se disolvieron, y hacer los trámites necesarios para ello. Si usted no presentó su informe anual sobre el tiempo, por ejemplo, tendrá que presentar un formulario delincuente por el informe anual y la solicitud de reincorporación. Además, no se olvide de las tasas de acompañamiento que van con el papeleo.
Necesita ayuda para disolver su negocio? ¿O era su negocio involuntariamente disuelve y desea restablecer? Dénos una llamada al 1 877 692 6772 o visítenos en MyCorporation.com.
The short answer – yes. But, regardless, it may still be a good idea to hire someone else to be your registered agent. Registered agents exist because of due process. When you turn your business into its own, separate legal entity by forming an LLC or incorporating, you’re effectively giving it a right to due process. That means, before a lawsuit can go forward, your business must be properly notified. A registered agent, then, is the point of contact for notifying your business about impending lawsuits.
However, many states use a business’s registered agent as a contact point for other important matters. They’ll send state documents, franchise tax forms, and other reminders to the company’s registered agent, rather than to the company itself, since reaching an established point of contact is a pretty reliable way of getting in touch with the business.
For a nominal fee, you can appoint someone to be that point of contact.
So why wouldn’t you want to be your own registered agent? Acting as your own registered agent will save money, but there are downsides to that choice. For one, a registered agent must have a physical address within the state the company was formed in. So if you formed and do business in a state other than your own, you have to designate someone in that state as a registered agent.
Further, registered agents are the contact point for sensitive matters like lawsuits or summons. Having a registered agent outside your company keeps the office from panicking, like they would if you were served in your own office.
And finally, your registered agent is going to get a lot of important paperwork. It’s their job to keep track of what they receive, and send it along to you. When you run a business, it’s easy to overlook or forget about things like annual reports and fees. A registered agent will really help you from losing track of that important paperwork.
You – or in some states, your business – can act as the registered agent. Or you can hire an outside agency. Just be sure, regardless of what path you choose to follow, that your registered agent is dependable and discreet.
Esto es fácilmente una de las preguntas más frecuentes que recibimos. Cada estado tiene sus propias normas y reglamentos en lo que respecta al impuesto sobre la renta. La mayoría tienen tanto, algunos no cobrar el impuesto a la renta personal, y algunos no lo hacen de la universidad del Impuesto sobre Sociedades. Y para un nuevo dueño del negocio de formar una corporación, formando en un estado sin impuesto de sociedades puede sonar increíble! ingresos taxAfter todo, que le gusta pagar impuestos? Continue reading
Up next in our MyCorp FAQs series is “What are the fastest states?” It’s a question our customer service department receives on a regular basis. We get it, sometimes entrepreneurs are just very excited to get the ball rolling, and, other times, they find themselves in a desperate time crunch.
Though, like we’ve mentioned before, a lot goes into picking the correct state for the formation of your business, knowing which states file the quickest can help you make an educated, calculated decision. Continue reading
Last week we talked about the most hated small business taxes among small business owners. This week, we’re asking our small business experts what they’ve learned about taxes since opening up shop. These were our ten favorite answers:
1. “As a mobile pet sitting business, one of my favorite write-offs is mileage. Most people forget to keep track of their miles and just guess, but often they are getting less credit than they should. I keep a notebook in my car to keep track of mileage, then when I get home at the end of the day I transfer it to a spreadsheet. This way I have all my mileage ready for tax time, and have it in both paper and digital form.” -Chris Herath, Atlantic Pet Sitting Continue reading