Confirm that the organization qualifies as a charity otherwise you can violate your license while trying to do some good for your community. No one wa...
No 2017 Tax Deductions for Start-Up Expenses If Your Business Doesn’t Open Until 2018
Starting up a business is capital intensive. You wonder when the bleeding will stop. At the very least, you want to get the tax deductions for your st...
Ladies, Stop Giving It Away
Ladies, Stop Giving It Away, by Nancy Roberts, is one of my “best kept secrets.” It is the third book I have read by Nancy and each one teaches la...
The Importance of Maintaining Good Corporate Records
There are many situations when a business will need to prove its books and records are in proper order. These include government agency audits, insp...
Non-compete Agreements Need a Geographic Location
In a lawsuit between an employer and an employee, a non-compete agreement that restricted employees from “working for companies competitive with the...
Failure to maintain your corporate books and records can render you personally liable
The equitable theory of veil piercing, intended to serve as a rectifying mechanism against certain fraud, dishonesty or wrongdoing, is of particular i...
April 2014 Gallup Pole: 84% of small business owners would do it again
For would-be entrepreneurs, there is always that nagging doubt – am I making the right decision? I hope this statistic will ease your mind: 84% ...
How do I know if I can use a business name?
There are four steps you should take before you finalize your proposed business name and logo: Check the Secretary of State Division of Corporations t...
I Recommend Income 180 Conference
Earlier this month, I attended the Income 180 Live Event 2014, with Nancy Roberts and Chris Kenney. I had two goals for this 2½ day conference: lea...
Case Study: Improper Incorporation of a Church
A local group had used an accountant to incorporate a new church. The accountant used a corporate formation service to handle the incorporation proces...