Business/Finance

corporation is an extremely important decision. While sole proprietorships are easier and more affordable to establish, they don’t provide the robust personal liability protections you can receive from a corporation. Read more on www.upcounsel.com What type of legal structure to choose is one of the most crucial decisions to make when starting a business. The … Read more

How much does it cost to get a LLC in MD? The cost to start a Maryland limited liability company (LLC) is $100. This fee is paid to the Maryland Department of Assessments and Taxation when filing the LLC’s Articles of Organization. Use our free Form an LLC in Maryland guide to do it yourself. … Read more

How much does it cost to file a DBA in PA? Fictitious Name Registration $70 Each ancillary transaction $70 Read more on www.dos.pa.gov You might need to register as a DBA (Doing Business As) if you intend to launch a business in Pennsylvania. A DBA is a legal instrument that permits a company to conduct … Read more

Are Moving companies profitable? Most moving companies only profit about 10% when everything’s said a done. Some are higher and some are lower obviously… But 10% is right about average for profit. If you’re really good and you do everything that I mention below, you could see your profit reach close to 20%… Read more … Read more

What do nightclubs do? Read more on en.wikipedia.org Nightclubs are places that serve alcohol, provide entertainment, and play music. They are well-liked by young adults who want to mingle, dance, and have a good time. These businesses are open late into the evening, and some remain open well into the morning. What nightclubs do, how … Read more

How do managers of an LLC get paid? When you have a situation where the company designates a member to be a manager, that member has the right to receive reasonable compensation for their services on top of income distributions. A manager who is solely an employee of the LLC will receive a salary but … Read more

What is an unlimited partnership? An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint and several … Read more

What does S in S-corp stand for? Subchapter S corporation “”S corporation”” stands for “”Subchapter S corporation””, or sometimes “”Small Business Corporation.”” It’s a special tax status granted by the IRS (Internal Revenue Service) that lets corporations pass their corporate income, credits and deductions through to their shareholders. Read more on bench.co S-Corps, also known … Read more

What is a DBA filing? Registering for a DBA allows you to transact business under the fictitious name instead of your personal name. Your bank requires a DBA to open a business bank account. Banks often require sole proprietorships and the partners in general partnerships to have a DBA before they can open a business … Read more

How do LLCs keep track of income? To effectively track and manage expenses, small business leaders should take these steps: Open a business bank account. Use a dedicated business credit card. Choose cash or accrual accounting. Choose accounting software to automate record keeping and track expenses in one spot. Digitize receipts with a receipt scanner. … Read more