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Legal April 23, 2024

How Do I Respond to an IRS Deficiency Notice?

This article will explain what you should do if you get a deficiency notice from the IRS, as well as discuss the importance of a statutory notice of deficiency. What Is a Tax Deficiency? A tax deficiency occurs when a taxpayer owes more taxes than originally reported and paid. It can result from unintentional mistakes […]

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Legal April 12, 2024

Amendments to Nevada Corporation & LLC Laws

Nevada, known for its business-friendly tax climate and strong liability protections, continues to set the standard for corporate governance in the United States.  Last year, the Silver State enacted several major amendments to its limited liability company (LLC) and corporation laws that will significantly impact businesses’ operations. That said, it’s vital for entrepreneurs like you […]

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Experts March 26, 2024

Powers of Attorney for LLCs: What Is It and When Will You Need One?

Running a limited liability company (LLC) involves various legal responsibilities and decision-making processes. As a business owner, you have the authority to make choices on behalf of your LLC. However, there may be instances where you cannot personally handle these matters due to illness, travel, or a busy schedule. In such cases, a Power of […]

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Business Funding Tips March 25, 2024

A Beginner’s Guide to Understanding & Preparing an Income Statement

Financial management is at the heart of any successful business. To understand and improve your company’s financial performance, you need the right tools. An income statement is one of the most important financial tools. But how do you make sense of it? This guide will walk you through preparing an income statement, its components, and […]

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Business formation March 20, 2024

All About Business Patents: How Long Does It Take to Get Approved?

Whether you’ve just created a groundbreaking technology, a unique product, or a revolutionary process, obtaining a patent is key to the success of your business. Not only will a patent protect your intellectual property, but it also ensures that your innovative ideas remain exclusive. However, the road to patent approval can be lengthy and complex, […]

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