After successfully registered in North Carolina, the Corporation or LLC are required to operate in compliance with the Business Corporation Act/Limited Liability Company Act of the State of North Carolina. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
After successfully registered in Washington, both the corporations and LLCs are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Washington. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
Naming a business is an important branding strategy for a person or entity involved in a for-profit trade or business in California. California fictitious business name, also known as a California DBA (doing business as), is only used for branding purpose and is not a type of business structure.
When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.
Naming a new business is not an easy task in California. Today we will discuss the California Business Entity Names Regulations (California Code of Regulations Title 2, Division 7, Chapter 8.5 Business Entity Names) to help you better understand the rules. Generally, the business entity name must contain proper business entity identifier and must use the English alphabet or Arabic numerals (0, 1, 2, 3) or symbols or a combination thereof.
After successfully registered in Illinois, the Corporation or LLC are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Illinois. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
The Paycheck Protection Program (PPP) is a provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that’s aimed specifically at helping small businesses keep their employees paid. As long as a business meets the loan’s eligibility requirements, they can apply. Loans are approved on a first come, first serve basis through any existing SBA lender, with a maximum loan size of $10 million.
Under the supervision of a licensed real estate broker (with the exception of associate brokers), a real estate salesperson facilitates the purchase and sale of property on behalf of customers, obtains lists of property for sale with employing broker; assists buyers (customers) of real estate to locate and purchase property (listed with employing brokers or another broker).
Businesses, non-profits, tribal businesses and veterans organizations with not more than 500 employees during covered period (February 15, 2020 – June 30, 2020) are eligible to apply the PPP loan. Individuals who operate as sole proprietors or as independent contractors and eligible self-employed individuals can also receive a loan. It will be necessary to provide documentation like a 1099-Misc or show income and expenses.
Business liability insurance is not mandatory in New York State, but it can protect your business from financial losses resulting from various claims, including bodily injury, property damage, personal injury, advertising injury and others caused by your business operation. And landlords may require you to maintain a certain level of liability coverage as a condition of your lease.