What Do You Call a Food Van?

Food Truck Basics A food truck is a large motorized vehicle or trailer equipped to cook, prepare, serve, and/or sell food. Also known as a mobile kitchen, mobile canteen, or food trailer. Popular in the UK for the past 10 years. Can make $5,000 to $16,000 a month depending on location. Starting a Food Van … Read more

Who Found Kung Fu? Origin and Development of Kung Fu

Kung Fu, also known as Chinese martial arts, has a rich history dating back to ancient times. Some historical documents credit Bodhidharma, a Buddhist monk, with bringing martial arts from India to China and establishing Kung Fu in the famous Shaolin Temple. Bodhidharma is also recognized as the first Chinese patriarch of Chan Buddhism. The … Read more

What Are Distributions on a K1? Understanding Schedule K-1

Schedule K-1 is a federal tax document used to report the income, losses, and dividends for a business’ or financial entity’s partners or an S corporation’s shareholders. It is also used to report income distributions from trusts and estates to beneficiaries. A Schedule K-1 document is prepared for each relevant individual. Tax Implications of Distributions … Read more

How Many Times Can You Change Amazon Seller Name?

How to Change Your Amazon Seller Name Follow these steps to change your seller name on Amazon: Log in to Seller Central Click "Settings" Click "Account Info" Click "Seller Profile" Edit store name Click "Save" Confirm change across account Update branding elsewhere Contact Seller Support if you need help. Align naming across platforms for consistency. … Read more

Do I Need an EIN to Open a Business Bank Account? Understanding EIN Requirements for Business Bank Accounts

What is an EIN? An EIN is a tax identification number issued by the IRS to uniquely identify your business. For most small-business owners, obtaining an EIN through the IRS website is free and allows for efficient management of business finances. Opening a Business Bank Account Do You Need an EIN? While you’ll need an … Read more

Is Bloomington Part of Minneapolis? Bloomington, MN Overview

Bloomington lies 10 miles south of downtown Minneapolis and is located in Hennepin County. The city spans 99.4 square kilometers and as of 2020, the population was 89,987. Two freeways, Interstates 35W and 494, service Bloomington. Bloomington provides over 100,000 jobs and hosts 8,000 hotel rooms. Its most famous attraction is the Mall of America, … Read more

How Is an LLC Taxed in Pennsylvania? Overview of LLCs

A limited liability company (LLC) protects personal assets. If the business has issues, your personal assets are safe. For tax purposes, the IRS treats an LLC as a pass-through entity. LLC owners are not personally liable for company debts. Setting up an LLC shields assets from business debts and lawsuits. However, LLCs can be expensive … Read more

How Long Does It Take to Get a Business License in Nevada? Obtaining a Nevada Business License

General Information and Timeframe It usually takes around 2-3 weeks to get a business license in Nevada. All businesses operating in Nevada require a license. To apply for a business license in Nevada, you will typically go through the Nevada Secretary of State’s Office or the appropriate local city or county office, depending on your … Read more