Post Archives for IncNow
By IncNow
August 31, 2020
What is a Principal Place of Business? The principal place of business is the headquarters where business decisions are made. This is also called the “nerve center” where the executives are. Contrast this with the “muscle center” where activities like production take place. However, modern civil procedure deems your principal place of business to be […]
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By IncNow
August 26, 2020
What Are the Main Differences Between Non-Profit and For-Profit Corporations? The primary difference that separates for-profit entities and non-stock corporations in regard to acquiring tax-exempt status is their legal structures. On one hand, traditional for-profit entities can pay out profits and pay big salaries limited only by their managers’ legal and contractual duties to the […]
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By IncNow
August 17, 2020
An increasing number of people are finding themselves either self-employed or engaging in short-term employment arrangements. These individuals are typically actors, content creators, gig economy workers or consultants. These employment arrangements can come with many benefits, however, they may also pose a tricky tax situation. An effective strategy for self employed individuals to reduce their […]
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By IncNow
August 11, 2020
Becoming an LLC is an easy and inexpensive way to protect yourself from personal liability for business obligations. It’s definitely worth considering if you have your own business—even if that business is you.
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By IncNow
August 5, 2020
The best type of company for a small business is generally an LLC. Members own an LLC and either third-party managers or the members themselves manage it. It is a very flexible form of business, which accounts for why almost 75% of new businesses are LLCs today. The LLC Operating Agreement is the governing document […]
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By IncNow
July 29, 2020
When to Form a Series LLC When a traditional LLC begins to branch off and undertake new business ventures or operations, it faces the risk of having all of its assets become subject to the liabilities and creditors of its divisions. Before the birth of the Series LLC, the only option available to companies was […]
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