Unlocking Your Business Potential
How much does it cost to file an annual report in Mississippi? The cost to file an annual report in the state of Mississippi varies greatly based on what type of company you own. Profit corporations, both foreign and domestic, must pay a $23.25 fee to submit their report. Nonprofit corporations must pay $25 to … Read more
What is the best title for a single member LLC? Here are some acceptable choices: Owner. Managing member. CEO. President. Principal. Managing Director. Creative Director. Technical Director. Read more on www.legalzoom.com Making the right title choice for a single member LLC can be difficult. Although there are no fixed guidelines for selecting a title, it’s … Read more
Who can issue certificate of good standing? secretary of state A certificate of good standing-also called a certificate of existence, status certificate, or certificate of authorization-is a document issued by a government authority, usually a secretary of state, that shows your entity has met its statutory requirements and is authorized to do business. Read more … Read more
Which of the following is prohibited from being an S corporation shareholder? S corporation shareholders are not allowed to include any S corporation debt in their stock basis. 22. For an S corporation shareholder to deduct it, a loss must clear three separate hurdles: (1) tax basis, (2) at-risk amount, and (3) tax-shelter rules. Read … Read more
How much is a certificate of good standing in CA? How much does a California Certificate of Status cost? To register as a California Corporation. $5 for normal processing. $15 for in person orders. Read more on www.northwestregisteredagent.com You might be familiar with the term “Certificate of Good Standing” (COGS) if you run a business … Read more
Does form 2553 require original signatures? Signature. Form 2553 must be signed and dated by a corporate officer authorized to sign on behalf of the corporation, and be accompanied by the written consent of all the corporation’s shareholders. If Form 2553 is not signed, it will not be considered timely filed. You may mail or … Read more
Do I need a resale license in MN? State of Minnesota Business Licensing. The main state-level permit or license in Minnesota is the seller’s permit. You must obtain a seller’s permit if you: Are engaged in business in Minnesota. Intend to sell or lease goods or services that would ordinarily be subject to sales tax … Read more
Can a nonprofit be a subsidiary of an LLC? Yes, a nonprofit organization may create a subsidiary with either a for-profit or a nonprofit structure. Read more on learning.candid.org Nonprofit organizations and limited liability companies are two different kinds of commercial entities, each with its own legal makeup, tax ramifications, and operational needs. Even though … Read more
Are Delaware LLC anonymous? Under Delaware law, members can form an LLC without having to place their name on any public documents-eliminating the paper trail. But while many believe Delaware offers this same comprehensive anonymity to corporations, this is actually not the case. Read more on velawoodlaw.com You may have heard that creating a Delaware … Read more
At what point in time date does a revocation of an election become effective? If you want the revocation to go into effect on the first day of the tax year, the revocation letter is due by the 16th day of the third month of the tax year. If the effective date of the revocation … Read more