How Do I Start a Card Collecting Business?

Startup Costs and Profit Potential The startup costs to open a card business range from $2,000 to $10,000. To start buying and selling trading cards, the Yu-Gi-Oh! TCG is quite profitable, generating almost $10 billion since its beginning. Steps to Launch a Card Business To legally register your Oregon business, first choose its structure. A … Read more

Where Do I File My Annual Report in Massachusetts?

Filing Requirements for Massachusetts Annual Report The annual report must be filed each year on or before the anniversary date of the filing of the original certificate of organization. The annual report filing fee for a Massachusetts LLC is $500. All foreign and domestic corporations registered in Massachusetts are required to file an annual report … Read more

Who Can Be Owners of S Corp?

Eligibility and Ownership of S Corporations An S corporation can be owned by any U.S. citizen or resident. The maximum shareholders allowed is 100. Individuals, trusts, estates, and tax-exempt organizations can own an S corporation. Partnerships, corporations, and nonresident aliens cannot be shareholders. Using a trust for ownership can offer tax and legal benefits but … Read more

Can I Use a Company Name That Already Exists?

Can 2 businesses have the same name? To check if a business name is taken, enter the desired name into the search bar of the website database. Databases show if a name’s registered or trademarks are pending. Having a unique name establishes brand identity, differentiates you, and enables customers to find your business. Search state … Read more

How Much Do I Owe in Taxes as an Independent Contractor? Understanding Taxes for Independent Contractors

Tax Obligations and Estimation Independent contractors pay income tax at local, state, and federal levels. They also pay a 15.3% self-employment tax. The total amount will vary depending on where you live and how much you make. To cover the quarterly payments without inadvertently underpaying, we recommend setting aside at least 20% of your income … Read more

How Do I Get a SC Tax ID Number?

Requirements for Starting a Business in Virginia The state of Virginia requires most businesses to purchase a resale certificate. Businesses that ship products to Virginia must collect sales tax. Filing the Articles of Organization takes 24 hours online and 5 to 7 business days by mail. Your customer identification number is located in the lower … Read more

What Big Companies Use Bigcommerce? BigCommerce Overview

There are a number of big companies that use BigCommerce, including HP, Under Armour, Samsung, and Microsoft. BigCommerce is a platform that helps businesses to create and manage their online stores. It provides a number of features and tools that make it easy for businesses to sell their products online. As a leading open SaaS … Read more

How Do S Corps Get Taxed? S Corporation Taxation

S corporations are not subject to corporate income taxes. Instead, the company’s individual shareholders report the income (or losses) on their personal tax returns. Required Tax Documents for S Corp Use Form 1120-S to report income, gains, losses, deductions, and credits. Calculate net profits by subtracting total operating expenses from the gross profit. Earnings from … Read more