Libby

Explanation of Statement Credit A statement credit is money credited to your account that is deducted from your balance. It essentially reduces the amount of money you owe. When you earn a statement credit, the amount is applied to your credit card account or loan balance, offsetting the total amount you owe. Statement credits can … Read more

Overview of Indemnity Insurance Indemnity insurance is a type of insurance policy designed to protect businesses and professionals from potential financial losses due to claims made against them by clients or third parties. It covers legal costs to defend claims and payouts to clients making claims. Some industries require members to have it, making it … Read more

Send Form 2553 by certified mail to the IRS state address within 2 months and 15 days of the new corporation’s first tax year. The IRS approves S corp status within 60 days. To avoid corporate income tax, LLCs file Form 2553. No need to first elect C corporation status. Tax savings: pass income, losses, … Read more

Cost and Requirements for Opening a Car Wash The cost to open a car wash depends on various variables, such as land ownership, setup type, construction, number of bays, and wash type. Check licensing requirements at different government levels. Analyze costs based on equipment, permits, and operating expenses. Research and Market Analysis Before opening a … Read more

Starting a Spice Business: Spice businesses make money by charging customers a premium for spices sold. The spice business is a multi-billion-dollar industry annually. Variety and Quality: Get suppliers who can supply highest quality and premium spice blends. Source directly from spice growers to save money from absence of middlemen. Selling Options: Start with selling … Read more

In Missouri, you can reserve your business name for 60 days by filing a name reservation application with the Missouri Secretary of State by mail or online. To keep the name for longer, you need to renew the reservation, but a name may only be reserved for a maximum of 180 days per Missouri statutes. … Read more

Coverage of Mobile Phones in Home Insurance Most standard home contents insurance will include cover for mobile phones, like if your mobile phone is stolen during a house break-in or is damaged because of a house fire, flood, or burst water pipe. Your mobile phone may also be covered outside the home as part of … Read more

Importance of Opening a Business Bank Account To open a business bank account requires you to have a business. Like EIN number, LLC or whatever. If your podcast is starting to make some significant revenue, you will want to have a dedicated business bank account for that income. Having a business bank account is simply … Read more