In 2013, Tesla began searching for locations to build its new Gigafactory 1, a lithium-ion battery and electric vehicle assembly factory. The company looked at numerous locations and it came down to five U.S. states competing to attract Tesla by offering tax incentives, cash grants, and other enticements. In the end, Tesla chose Nevada […]
Depending upon your business, you may decide to rent or buy a business location to provide your products and services or to store your inventory and equipment. If you’re a startup, buying a building may present too big of a risk. Establishing a physical location involves both one-time outlays, such as security deposits or closing […]
A limited liability company, also called an LLC, is a hybrid entity, bringing together some of the best features of partnerships and corporations. LLCs were created to provide business owners with the liability protection that corporations enjoy without the double taxation. If the LLC chooses to be taxed as a partnership, the earnings and losses […]
An S Corporation is a tax election made with the IRS that allows a business to be taxed like a sole proprietor or partnership. It’s often referred to as a ‘pass-through’ entity since the corporate profits and losses are passed through and reported on the personal income tax returns of its shareholders. Taking the S […]
Running a home based business has numerous advantages for many business models, and for businesses of different ages. But how do you make a seamless and cost effective transition from a home based business to a professional office space? If you are considering a commercial property lease, make sure you have a clear sense of […]