How Do I File My Annual Report in Pennsylvania?

# Pennsylvania Businesses: Annual Registration Update The Secretary of State requires Pennsylvania businesses to file annual registration paperwork by January 2023. The report updates business information including name, office address, registered agent details, and authorized officials’ contact information. ## Filing with the Department of State You can receive more details by contacting the Department of … Read more

Can an S Corp Have One Owner? Understanding S Corporations

Overview and Shareholder Requirements An S corporation can have one to 100 shareholders. 70% of S corporations have one owner. The owner decides their salary. S corporation shareholders must be individuals, certain trusts and estates, or tax-exempt organizations. Partnerships, corporations, and nonresident aliens cannot be shareholders. The business is its own entity. The owner is … Read more

Is Owning a Vending Machine Worth It? Industry Growth and Passive Income

The vending machine industry continues to grow and thrive today. Vending machines sell a wide variety of products, including snacks, beverages, and electronics. In 2023, the global vending machine industry is expected to generate up to $42 billion, an increase of about 11 percent compared to 2022. The industry is seeing steady, consistent growth, and … Read more

How Do Water Companies Make Money?

Ways Energy Suppliers Make Money: Production of Energy: Electricity is generally produced in large power stations connected to major transmission channels. Small producers generate electricity on minor levels connected to local distribution channels. Distribution and Transmission of Energy: Companies make money by transmitting and distributing energy. Transmission channels transfer electricity over long distances, while distribution … Read more