How Do I Fund C-corp?

Overview of C Corporations C corporations (C corps) are a legal structure for a corporation that allows owners to pay taxes separately from the entity and are subject to corporate income tax. Key Differences from S Corporations and LLCs C corps differ from S corporations and limited liability companies (LLCs) in terms of structures and … Read more

Are Restocking Fees Taxable in Massachusetts? Understanding Restocking Fees and Sales Tax in Massachusetts

Restocking Fees Overview The charge for restocking returned merchandise is a charge for service and is not subject to tax. Restocking fees often fall between 10% and 25% of the purchase price. Make sure that sales, partial refunds, returns and restocking fees are carefully tracked by software. There is no definitive answer to this question … Read more

How Much Does a Tanning Bed Cost?

Cost Factors and Considerations A basic residential tanning bed costs $1500 to $3000. Commercial tanning beds cost $2500 to $6500. Owning a tanning bed has ongoing costs like electricity, maintenance, and replacing parts. Bulbs need replacing every 400-600 hours. Additional services like cleaning and tanning lotions also cost money. Comparison of Home vs. Salon Tanning … Read more

How Many Board of Directors Does a Corporation Have in Texas? Responsibilities of Board of Directors

Every corporation has a board of directors, typically composed of a president, a secretary, and a treasurer. The board is responsible for assessing and approving recommendations about the corporation’s future, setting direction, making investment decisions, and overseeing hiring and firing of the CEO. To form a corporation in Texas, file a Certificate of Formation with … Read more