Con el final del año se acerca, los empresarios de todo el mundo están reflejando de nuevo en un año de decisiones empresariales. ¿Qué funcionó? ¿Qué no? ¿Cómo puedo conseguir realmente las cosas en marcha para el 2016? Para los nuevos propietarios de pequeñas empresas por ahí que todavía tienen que incorporar, tenemos una sugerencia. El S-Corporation. ¿Por qué? Debido a que los beneficios de nómina son innegables. (more…)
‘Safety’ can mean a number of things to a small business owner. Safety from a data breach, safety from an intrusion, and creating a safe, inclusive environment to work in are just some of the concerns constantly in the back of an entrepreneur’s mind.
We asked our small business experts how they interpret the word ‘safety,’ and the ways in which they strive to keep their businesses safe. (more…)
With the end of the year approaching, entrepreneurs everywhere are reflecting back on a year of business decisions. What worked? What didn’t? How can I really get the ball rolling for 2016? For those new small business owners out there who have yet to incorporate, we have a suggestion. The S-Corporation. Why? Because the payroll benefits are undeniable. (more…)
Procrastination tends to hit business owners hard when it comes to incorporating or forming an LLC. A lot of small business owners resolve to file the necessary paperwork, and then never do. And now they’re facing the end of another year and wondering if it’s even worth filing this late in the game. Believe it or not, it is! But around this time of the year, we usually tell customers to consider a delayed filing over a traditional, immediate action. Delayed filings are the perfect option for businesses owners who know…
They want to form an LLC or Corporation
Forming a limited liability company or incorporating is easily on of the best ways to protect yourself and your personal assets from any debts associated with the business. The government treats corporations and LLCs as their own legal entities, separate from the owner or owners. Any debts it incurs, loans it takes out, or judgments against it are therefore its responsibility and, in most cases, your personal assets will not be seized to pay for those debts. However, forming an LLC or incorporating requires the company’s managers to jump through a few extra loopholes, like paying fees and filing reports annually. Incorporate or form an LLC now, and you may be on the hook for 2015’s fees, even though the company only existed for a month. Plus, depending on your state, you may have to file different returns for the months your business was not its own entity, and the month it was.
That’s where delayed filing comes in. A delayed filing allows you to file the proper paperwork now, and set an “effective on” date a month or so into the future. That way you finish out this year as a sole proprietorship or partnership and, early next year, your LLC or Incorporation is officially approved and formed.
They do not want to be rushed
There is a lot of work that needs to be done at the end of the year. You have to put your books in order, evaluate the staff, and make it through the holiday season. But forming a legal business entity comes with its fair share of responsibilities as well; if you rush through your paperwork, and anything is amiss, the state will reject your filing. We are right at the cusp of December, so take this brief bit of time to make sure your ducks are all in a row – you have a registered agent, a physical address, and a protected DBA name – and then fill out your forms and opt for a delayed filing. That way you won’t have to struggle through all of the normal, extra work that comes in December and January.
They don’t mind waiting a little bit
I know how frustrating it can be to wait on the government to approve your paperwork, but trust me, patience pays off. You actually save a bit of time filing now and opting for a delayed filing instead of filing at the beginning of next year because a lot of businesses wait until the start of the year to send in their forms. State offices get swamped, the delay gets longer, and then you’re stuck waiting until February or March to hear whether your LLC or Corporation was formed. A delayed filing means your paperwork is approved before that rush or, at the very least, that the state will put your paperwork at the top of next year’s pile.
Ready to form an LLC or Corporation? Want us to help you file the right paperwork or opt for a delayed filing? Click here or give us a call at 1-877-692-6772
Small businesses close for a number of reasons. Whether a new venture comes along that the owner can’t refuse, or making ends meet just becomes too much, every business has its own story. We asked our small business experts to tell us about businesses they’ve had to close, and what they learned from the process. Here are our favorite answers… (more…)
Important client negotiations are happening over lunch every day. But what happens when what’s on the menu isn’t something your client can eat, or wants? With nothing to eat, the client’s blood sugar drops and he gets ornery. The negotiations break down and the deal falls through. How can you avoid this situation when planning a corporate meal?
Take a look at this Infographic provided by Blue Plate Catering:
Con 2015 en la cúspide de concluir, he estado reflexionando de nuevo en los últimos seis años de ser dueño de MyCorporation. Ha sido un largo camino, pero nosotros no estaríamos donde estamos hoy (prosperando!) Si no hubiéramos vivido todos y cada giro y vuelta. Todo empezó en 2004, cuando me uní al equipo MyCorporation, no como el director general, pero como el vicepresidente de asuntos legales. Con años en la facultad de derecho y algo de tiempo en una asociación bufete de abogados, yo estaba feliz de estar aplicando mi conocimiento legal en un área que me interesaba. En 2005, la empresa fue adquirida por Intuit. La adquisición provocó una nueva perspectiva muy necesaria en el funcionamiento MyCorporation, pero todavía había un potencial sin explotar que yo estaba deseando que pude tener en mis manos. Entonces, finalmente, en 2009 compré la división. Y ahora aquí estamos somos- seis años completos más
For the average person, buying or selling a business seems as easy as finding the right match to sell or buy. However, there is more to it than just handing over the keys to your business. It can be simple with the help of a conveyance expert to help smooth out the legal processes. It seems complicated, but as you buy a business, a registered conveyancer assists in the settlement process and ensures that your interests as the client are fully represented. (more…)
With 2015 on the cusp of wrapping up, I’ve been reflecting back on the last six years of owning MyCorporation. It’s been a long road, but we wouldn’t be where we are today (thriving!) if we hadn’t experienced each and every twist and turn. It all started back in 2004 when I joined the MyCorporation team, not as the CEO but as the vice president of legal affairs. With years in law school and some time in a law firm partnership, I was happy to be applying my legal knowledge in an area that interested me. In 2005, the business was acquired by Intuit. The acquisition brought about a much-needed new perspective on running MyCorporation, but there was still untapped potential that I was wishing I could get my hands on. Then, finally, in 2009 I purchased the division. And now here we are- six full years later! (more…)