Can S Corp Keep Money? Answers to Related Questions

Can S corp keep money? In technical lingo, an S corporation is not permitted to have any retained earnings. This is different from a regular corporation, which can retain-and pay taxes on-its earnings. Read more on www.nolo.com If you own a business, you might be curious about whether you can keep the profits generated by … Read more

Can You File Illinois Annual Report Online?

Can you file Illinois annual report online? The annual report cannot be filed electronically if. The annual report must be filed on paper accompanied by the appropriate document(s) changing the authorized shares, issued shares and/or paid-in capital. You need to enter more than six officers or six directors, you must file a paper annual report. … Read more

How Are Profits Divided in an LLC?

How are profits divided in an LLC? By default, an LLC’s profits are allocated in proportion to ownership interests. For example, if two LLC members each own 50 percent of the LLC, half of the profits is allocated to each owner. If an LLC does not specify an alternative method, this is how the company … Read more

How Much Does It Cost to Get an LLC in Iowa?

How much does it cost to get an LLC in Iowa? How much does it cost to form an LLC in Iowa? The Iowa Secretary of State charges $50 to file the Certificate of Organization. You can reserve your LLC name with the Iowa Secretary of State for $10. Read more on www.nolo.com Although launching … Read more

Are Motorcycle Repairs Profitable?

Are motorcycle repairs profitable? How much profit can a motorcycle shop make? Unlike many businesses, motorcycle shops often see a profit in the first year. While the first three years may generate a profit of $13,000 to $17,000, this is a positive sign and sets the business up for long-term growth and success. Read more … Read more

How to Get a Seller’s Permit in South Dakota

How do I get a seller’s permit in South Dakota? A seller can obtain a seller’s permit online at SD.cars.org or at the seller’s local county treasurer’s office. A seller’s permit cannot be issued for a boat or a snowmobile. Read more on dor.sd.gov A seller’s permit from the state of South Dakota is required … Read more

The Cost of Maintaining an LLC in Texas

How much does it cost to maintain an LLC in Texas? LLC Annual Fees (as of 2021): State LLC LLC Filing Fee LLC Annual Fee Tennessee LLC $300 $300 minimum Texas LLC $300 $0 for most LLCs (however a No Tax Due Report and Public Information Report must be filed every year) Utah LLC $70 … Read more

Why is Bumble not profitable?

Bumble is still unprofitable. But its adjusted EBITDA margin still declined from 33.1% to 27.2%, mainly due to its higher cost of revenue and marketing expenses. Read more on www.fool.com Popular dating app Bumble has received a lot of attention recently. The software is renowned for taking an original stance on online dating. Bumble, in … Read more