If you’re like most small business owners, you probably started your operation as a sole proprietorship. This company structure is the simplest and least costly to set up, with less paperwork required. However, sole proprietorships are not separate legal entities from their owners. You report your share of the company’s earnings on your personal income […]
The hiring of short-term, seasonal, contract or otherwise temporary employees is on the rise among U.S. businesses. In fact, the nation’s labor force currently includes more temp workers than ever before. Small-business owners can use temporary help to their advantage. By enlisting a short-term employee to complete a specific project, you can avoid hiring full […]
Small business owners who pay independent contractors must prepare to file 1099s. Like W-2s for full-time employees, 1099s for freelancers who have worked for you in the previous year, must be filed with the IRS and mailed to the taxpayers by the end of January. You are generally required to submit a 1099 form for […]
Corporate Resolutions record the major decisions taken by a corporation’s shareholders or board of directors during a meeting. While not always required, Corporate Resolutions are valuable because they indicate that the actions were taken by, and on behalf of, the corporation. Some Corporate Resolutions may be passed only by the Shareholders; others, only by the […]
If you need to make a change to your corporation or LLC, the typical way to do so, would be to file Articles of Amendment. The filing of Articles of Amendment can change the following information: Name and address of the registered agent, principal office address, names and addresses of directors or members, description of […]
