Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible.To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business.
As a business owner, you must obtain the following information when you hire employees:Eligibility to Work in the United States,Employee’s Social Security Number,Employee’s Withholding. You must use Form I-9 to verify the identity and employment authorization of individuals hired for employment in the United States. Both employees and employers (or authorized representatives of the employer) must complete the form.
After successfully registered in Nebraska, both the corporations and LLCs are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Nebraska. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
Over the past few years, Singapore has emerged as Asia’s foremost financial hub, with every major international financial institution having its presence here. While U.S., as the most energetic business center, attracts global investors with business-friendly environment and incredible business opportunities.
After successfully registered in South Dakota, the Corporation or LLC are required to operate in compliance with the Business Corporation Act/Uniform Limited Liability Company Act of the State of South Dakota. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
After successfully registered in Oregon, both the corporations and LLCs are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Oregon. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
After successfully registered in Massachusetts, the Corporation or LLC are required to operate in compliance with the Business Corporation Law/Limited Liability Company Act of the State of Massachusetts. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income.
After successfully registered in Florida, the Corporation or LLC are required to operate in compliance with the Business Corporation Act/Limited Liability Company Act of the State of Florida. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
An incorporator is the person in charge of setting up a corporation and registering it with the state. They are responsible for filing the paperwork and signing the articles of incorporation. Each state has different laws about the incorporator, this article will take Delaware state as an example.An incorporator is responsible for setting up a corporation.