7 Reasons Why You Should Hire a Business Attorney
A business attorney can be a protective shield for your business if legal problems arise. Read this article to find out all the benefits of hiring a business attorney.
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A business attorney can be a protective shield for your business if legal problems arise. Read this article to find out all the benefits of hiring a business attorney.
→ Read MoreThe requirements to register and obtain a sales tax permit or resale permit vary widely from state to state: in a majority of states, businesses dealing in tangible products for retail sale (or rental) must obtain a permit; in a growing number of others, that same requirement is extended to retail sales of taxable services’what services are taxed varies enormously from state to state.
→ Read MoreDissolving a business or dissolution, requires several important steps from all of the business owners. Officially dissolving your business will keep your creditors from continuing to charge your business with business-related expenses. Dissolving a business may require the assistance of a tax or business attorney to ensure you are not left open to any liabilities.
→ Read MoreTo answer that question, it is important to understand what a fictitious business name is and how it is used. Here is a simple definition of a fictitious business name: A fictitious business name is one that does not use the business owner’s name. Corporations are generally exempt, as are businesses that use the individual proprietor’s own name. If you are doing business as (d/b/a), John Doe or Widgets Incorporated, then you don’t need a fictitious business name.
→ Read MoreSince the recession took hold of the economy, many misplaced workers have decided to become entrepreneurs and start their own business. To start a business, you should have a solid understanding of the particular type of business you intend to start, a written business plan, and enough funds to cover your costs until the business becomes profitable.
→ Read MoreA tax identification number may refer to a social security number, an individual taxpayer identification number, or an employer identification number. In a business context, an employer identification number, or EIN, is the tax identification number associated with forming a business entity.
→ Read MoreMost businesses have licensing or permit requirements. Whether or not you will need a business license or business permit depends on the type of business you plan to open, the location of your business, and federal, state, county, and local rules. Some businesses need to have special licensing, while others only need a tax or operating license.
→ Read MoreThe United States supports free enterprise, which means that anyone has the right to start a freestanding business or home-based business on his own without owning a piece of property. The law states that as long as your business isn’t disruptive to peace or unsanitary in nature, all businesses, including your home-based business, are legally protected.
→ Read MoreCitizenship and residency are not required to start a small business in the United States. Some small business opportunities may allow you to choose to reside in the United States if you qualify for an L-1 or E-2 Visa. While the L-1 Visa is only granted for up to one year at a time, the E-2 Visa can be granted for up to two years and is indefinitely renewable.
→ Read MoreStarting a business is a difficult decision filled with many choices. It is a complicated process that involves everything from choosing a name to deciding whether to offer stocks. One of the first decisions you have to make as a business owner is about the legal structure of your business. Click here for details about common forms of businesses.
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