Business Insights

Lack of Business Formation Vocabulary in Education It is not surprising that in high school and college, students never learn the vocabulary of incorporating new businesses. What is surprising is that business formation vocabulary is not even part of the curriculum in law schools or business schools. Moreover, entrepreneurship classes breeze past key distinctions in […]

What Is An Individual Tax Identification Number (ITIN)? Individual Tax Identification Numbers, or ITINs, are a type of unique tax ID number assigned by the IRS to individuals who need to pay taxes in the United States, but who are not eligible for a US Social Security Number.  People who are typically eligible to obtain […]

What Is A Subsidiary Company? A “subsidiary company” refers to a business that is wholly or majority owned by another company. The company that owns a subsidiary is often called a “parent” or “holding” company. A subsidiary company is typically a separate business with its own team in charge of daily operations. However, the parent […]

Is an LLC a Business License? The requirement for a business license depends on where you are conducting business and what type of business you are conducting. Generally states and municipalities have business licenses for all types of activities. Often you need both a state business license and a municipal license in the incorporated municipalities […]

  Do Delaware Companies Need a Delaware Bank Account? Good news – if your business is incorporated in Delaware, you can open a bank account in any state! Most Delaware businesses are actually based out of different states and even different countries. Whether you’re in California or India, you can register a company in Delaware […]

  Delaware LLCs: Key Benefits for Real Estate Investors Delaware LLC Benefit #1) Asset Protection Limited personal liability protection. Separate LLCs for each property protect assets within the property portfolio. Delaware LLCs offer limited personal liability protection for investors and separates personal assets from company debts and liabilities. This protection is critical for investors who […]