Do You Have to Elect S Corp Status Every Year?

Maintaining S Corp Status To confirm S corp status, call the IRS at (800) 829-4933. The election stays valid even if new shareholders do not consent. If your business missed the S corp election deadline, include a reasonable cause. For example, your accountant or tax professional neglected to file on time. S corps have no … Read more

What Is the Most Valuable Thing to Collect?

The Value of Art Collecting Art can fetch unfathomable amounts from avid art collectors who want to acquire certain pieces. Leonardo da Vinci’s ‘Salvator Mundi’ sold in 2017 for over $450 million. Fine art collections require a collector to be a billionaire since a single painting sells over $100 million at auction. Collecting Rare Coins … Read more

Is Bluehost a Good Server?

Bluehost Overview Pros: extremely cheap hosting plans, free domain, SSD storage, free themes, 24/7 support Cons: limited storage space, pay extra for backups and migration Cloudways vs. Bluehost Cloudways is more developer-friendly Features like staging and hosting multiple sites are available for free with Cloudways Bluehost Comparison Offers a wide variety of plans with 24/7 … Read more

Do I Have to Renew My LLC Every Year in GA?

Requirements for LLC Renewal in Georgia All LLCs in Georgia must file annual reports and pay $50 fees to renew. You can file reports online or by mail, but online is faster. To keep your LLC active, file between January 1 and April 1 each year. An LLC can be ongoing or have an end … Read more

What Is the Responsibility of a Family Lawyer? Role of a Family Lawyer

A family lawyer provides legal representation for family-related issues like divorce, child custody, and adoption. Their key responsibilities include: Advising clients on legal rights and options Drafting and negotiating court documents Researching previous cases Informing clients about rights and obligations when signing contracts Offering guidance during court settlements Overseeing family estates Monitoring mediation sessions between … Read more

Is Vermont Business Friendly? Business-Friendly Policies in Vermont

The state offers tax incentives to attract and retain businesses. For example, Vermont provides tax credits for research and development, as well as exemptions for manufacturing and renewable energy. With favorable policies that support businesses, Vermont creates an environment conducive to economic growth and success. These incentives help businesses save money and encourage innovation and … Read more

Is LLC and INC the Same? Business Structures: LLC vs. Corporation

Many small businesses are organized as a limited liability company (LLC) or corporation (Inc.). However, corporations have more rigid management structures with boards of directors and officers. LLCs allow for more flexibility in management and taxation. Understanding LLCs LLC stands for "limited liability company." It refers to a type of business structure that combines partnership … Read more

How Do I Set Up an LLC in Indiana?

Cost and Filing Time for Indiana LLCs Mail filings take 2-3 weeks 1 week processing time plus mail time Online filing approval takes 1 day compared to 5-7 days for mailed forms The main cost is a $95 Certificate of Formation filing fee Additional costs include a $10 name reservation fee and registered agent fees … Read more

Can Chiropractors Be an LLC in California? Starting a Chiropractic Business in California

Licensed chiropractors who wish to start a business in California should be aware of the state’s specific legal requirements. Corporate lawyers generally advise forming a Professional Corporation instead of a chiropractic LLC due to state regulations. Legal Structure and Taxation California law does not permit chiropractors to form a Limited Liability Company (LLC) for their … Read more