Car Dealerships: How They Can Rip You Off

How do dealerships rip you off? Most car shoppers focus only on negotiating the price of the car. That’s fine with dealers, because they can easily give you a good price while completely ripping you off on the financing and trade-in. The dealer will simply raise the price of the car and screw you on … Read more

Starting a Business as a Kid: Tips and Tricks

How can a kid start a business? The Typical Steps for Getting Started Decide what you will call your business. Register your business as required in your state and local area. Get the Business licenses and permits you’ll need. Open a bank account and keep accurate financial records for your business. Prepare to manage your … Read more

Does NY LLC Need an Operating Agreement?

Does NY LLC need operating agreement? Yes, New York is one of the few states that requires LLCs to adopt an Operating Agreement. This document should be filed internally at your office around the time you file your Articles of Organization. You have up to 90 days after you file these articles for your membership … Read more

The Drawbacks of Sole Proprietorship: Understanding the Risks of Going it Alone

What are some drawbacks to a sole proprietorship? Here are some of the top disadvantages of sole proprietorship to consider: 3 disadvantages of sole proprietorship. No liability protection. No liability protection. Harder to get financing and business credit. It’s harder to sell your business. Read more on www.nerdwallet.com One common business structure among entrepreneurs, particularly … Read more

Starting a CSA: The Cost and How to Run It Successfully

How much does it cost to start a CSA? Consumers become CSA members by paying an agreed amount at the beginning of the growing season, either in one lump sum or in installments. The annual cost, generally ranging from $400-$700, depends on the length of the harvest season and the variety and quantity of products … Read more

How Is an LLC Taxed in Arizona?

How is an LLC taxed in Arizona? By default, LLCs themselves do not pay income taxes, only their members do. Unlike the default pass-through tax situation, when an LLC elects to be taxed as a corporation, the company itself must file a separate tax return. The State of Arizona, like almost every other state, taxes … Read more

Authorizing Someone for Income Tax: A Guide

You might have to give someone permission to act on your behalf when interacting with the Canada Revenue Agency (CRA) as an individual or business owner. This could be a member of the family, a friend, an accountant, or another dependable agent. But what are the prerequisites and how can you authorise someone? This article … Read more