Do I need a license / permit to open my business?
That depends on what type of business you own. Many businesses do not need any special licenses or permits in order to operate their businesses. However, some businesses that engage in …
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What steps should I take to start a business?
When starting a new business, several key decisions must be made regarding the organization, financing, management, and operation of the business. First, you should do your homework – …
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Do I Need a Taxpayer Identification Number for my Business?
A taxpayer identification number (TIN) is a number used by the Internal Revenue Service (IRS) to identify people and companies. Most companies need to file with the IRS to receive an Employer …
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Severance Packages
There are a lot of decisions to be made quickly when your employer informs you that your job is being terminated. Many of those decisions are recorded in a formal severance package. While few employees will walk away with the tens of millions of dollars that Conan O’Brien secured when NBC decided to put Jay Leno back in the late night lineup, the legalities of individual severance …
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Choosing your Business Entity Structure
Businesses can operate in a variety of structures, such as a sole proprietorship, partnership, limited partnership, corporation, or limited liability company. Each of these forms of incorporation provides certain benefits and also certain limitations. The legal structure of a business determines how it is managed, how it is taxed, and what regulations it must follow. So how do you …
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