What Can Prevent a Valid S Corporation Election?

Which of the following is most likely to prevent a valid S corporation election? Which of the following is MOST likely to prevent a valid S corporation election? Reason: Only a single class of stock is permitted. Read more on quizlet.com An S corporation is a particular kind of corporation that maintains the advantages of … Read more

Security Guards: Are They Allowed Breaks?

Are security guards allowed breaks? According to the Fair Labor Standards Act, Twelve-hour shifts are legal in the United States. Federal law doesn’t require shift lengths or mandate breaks on the job. Rest periods between five and 20 minutes long must be paid, but 30-60 minute breaks don’t count as paid working hours. Read more … Read more

Do You Need a Degree to Start a Small Business?

Do you need a degree to start a small business? What Degree Do You Need to Own a Business? While there is no specific degree requirement for an entrepreneur, earning your degree can equip you with the knowledge and skills to help you navigate the business world. Many business owners have a Master’s in Business … Read more

Understanding the Relationship Between EIN and LLC

Does EIN have to match LLC? The EIN only has to match the “”name control”” for the company. The name control assigned to a company is normally the first four characters of the name. So, for example, if you formed an LLC and named the company “”Real Estate Venture 1, LLC””, the name control field … Read more