Business licenses and permits are mandatory for when you begin legally operate in a new location. Protect your business from the start by arming it with the proper licenses it needs.
A professional corporation (PC) is a corporation that provides organized to provide services by professionals that must have a state license. (Some states refer to a professional corporation as a professional association (PA) or a service corporation (SC).) Many states also allow licensed professionals to form a Professional Limited Liability Company (PLLC). A PLLC provides more flexibility to the owners than that permitted with a professional corporation.
While the Chinese government has made gestures toward adopting CSR norms in recent years, the intensity of its efforts has increased. This is likely due, at least in part, to anger over pollution among many Chinese people—anger which has helped spur tougher environmental regulation and legal oversight.
A limited partnership allows great flexibility in managing the business and dividing the profits. There must be at least one partner with unlimited personal liability for the business debts.
Many business owners have turned to crowdfunding or crowdlending for needed funds. Get some pros, cons, and helpful tips on crowdfunding campaigns.
Taking your business overseas? Be forewarned. If your global expansion plans include these 10 jurisdictions, anticipate spending more time and administrative resources on corporate subsidiary compliance. The Global Benchmark Complexity Index, compiled by international expansion experts TMF Group, ranks 81 of the top international jurisdictions in order of complexity for complying with local business laws and regulations. In this 2nd annual index, some countries moved positions, and some…
A Federal Employer Identification Number (FEIN) is used to identify your business entity and is issued by the IRS. Because this is required to open a bank account and employ workers, it is typically essential for all businesses to obtain an FEIN upon formation.
The Global Market Entity Identifier (GMEI) is a new federal regulation for companies that trade or are counterparties to OTC derivatives. Non-compliance can put your company’s ability to trade OTC derivatives at risk.
In order to run a successful business, you must spend money. Fortunately, many business expenses are tax deductible--if you follow these rules.
When picking the right business structure for your company among LLC, S Corporation, and C Corporation, you need to consider how you want the company managed.