4 Reasons to Incorporate Your Business

4 Reasons to Incorporate Your Business

Top 4 Reasons to Incorporate Your Business

Many individuals form a new business and are often in a rush to incorporate because of advice from friends and other advisors. This is usually a big mistake, and can be rather costly if the business doesn’t meet expectations, and closes.

Before you call your attorney to incorporate your business, you need to understand what the benefits are, and also the possible negative aspects. Besides, there are a few more types of business organization that you might want to consider.

My advice, and this won’t cost View full post…

Read More... Please comment

Business or Hobby – Are You Sure?

Business or Hobby – Are You Sure?

Do You Have a Bona-Fide Business or Is It A Hobby?

Things have been a little tight, money wise, and you decided to start a business with hopes of making a few extra bucks. Do you know what the IRS rules are and how they decide if you have a real business or hobby? You need to know these rules and make sure that you follow them.

Do You Intend to Make a Profit and Pay Taxes if You Do?

This is what it all boils down to…TAXES. The IRS knows View full post…

Read More... Please comment