Unlocking Your Business Potential
Adelle What insurance should a production company have? general liability insurance Every filmmaker or production company should obtain general liability insurance, especially if you plan to shoot your projects in public settings. If you’re planning on shooting your film in public locations, you will likely need a permit. And in order to obtain a permit, you … Read more
Is Credit associates a legit company? Credit Associates is a relatively new company, having been founded in 2016. Even so, it’s accredited by both the AFCC and the IAPDA, two of the most reputable debt relief industry associations. Read more on www.thebalance.com A debt relief business called Credit Associates says it can assist customers in … Read more
Can one person start a non-profit? No one person or group of people can own a nonprofit organization. Ownership is the major difference between a for-profit business and a nonprofit organization. For-profit businesses can be privately owned and can distribute earnings to employees or shareholders. Read more on cullinanelaw.com Yes, one person can establish a … Read more
How do I become a florist? Here are some steps you can take to become a florist: Complete your high school education. Gain experience. Develop florist skills. Cultivate your own style. Seek formal training. Build a work portfolio. Consider earning a certification. Join a professional organization. Read more on www.indeed.com Designing, arranging, and selling flowers … Read more
Can you write off your own labor on rental property? Any property or service you receive in lieu of money will be considered as income. This income is based on the fair market value of the property or services received. While the cost of repairs is currently deductible, including the cost of labor and materials, … Read more
How do I transfer assets from sole proprietor to corporation? When you are transferring assets from your proprietorship to your corporation, you should do so only under the provision of Section 85 of the Income Tax Act. You have to do this and you have to file the related Section 85 forms. Read more on … Read more
The moment may be right for you to establish your own microbrewery if you have a passion for craft beer and have always wanted to do so. The craft beer market is increasing, and more and more consumers are searching for distinctive, tasty brews that they can’t get at their neighborhood supermarket. But where do … Read more
When should you file as an S corp? For a New Business. A corporation or LLC must file an S-Corp election within two months and 15 days (~75 days total) of the date of formation for the election to take effect in the first tax year. Example: Your articles of formation was filed on August … Read more
How do I cancel an EIN number? The IRS cannot cancel your EIN. Once an EIN has been assigned to a business entity, it becomes the permanent Federal taxpayer identification number for that entity. Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to … Read more
How do I change my business address with the IRS? To change your address with the IRS, you may complete a Form 8822, Change of Address (For Individual, Gift, Estate, or Generation-Skipping Transfer Tax Returns) and/or a Form 8822-B, Change of Address or Responsible Party – Business and send them to the address shown on … Read more