What Do You Need to Maintain Corporate Status for Your Small Business?

What Do You Need to Maintain Corporate Status for Your Small Business 1

Incorporating a small business can offer you tax benefits, personal liability protection, and many other valuable advantages over operating as a sole proprietorship. While it may seem to be very complicated to incorporate, a small business attorney can easily walk you through the process, and the benefits are definitely worth it. Once your business formation […]

4 Reasons to Set Your Small Business Up as a Corporation

4 Reasons to Set Your Small Business Up as a Corporation 1

When you are forming a new startup, one of the considerations is whether you should incorporate. Let’s take a look at some of the reasons you may decide this is a smart move for your small business. Tax savings – A sole proprietor will pay 15% in self-employment tax on all taxable income. Therefore, you […]

Tips for Incorporating Your Small Business in San Diego

Tips for Incorporating Your Small Business in San Diego 1

While forming your small business as a sole proprietorship may be the quickest process in the beginning, you may quickly come to long for the benefits of having your company incorporated. Here are a few tips to help you improve your business formation in California. Make good use of California’s free business search tools to […]

Maintaining Corporate Status for a Small Business in California

Maintaining Corporate Status for a Small Business in California

If you have incorporated your small business, it is no doubt because you understand the many benefits that can be derived from this type of business formation. One example is that you reduce your personal liability. Your personal assets, like your vehicles and home, are not tied up with your business, so creditors can’t go […]

Why You Should Have Business Contracts in California

Why You Should Have Business Contracts in California

In California, you can argue breach of contract in a court of law, even if you only had a verbal agreement with someone. So that does that mean business contracts are useless? Absolutely not! In fact, there are some situations where the courts will not hear your case unless there is a written contract. Here […]

How to Know If Your Small Business Requires an Employer Identification Number (EIN)

How to Know If Your Small Business Requires an Employer Identification Number (EIN)

Many small business owners get confused as to whether they need an EIN. The secret is in what the acronym stands for – employer identification number. Clearly, this number, which is acquired from the government for tax purposes, is primarily for businesses with employees. With that in mind, a sole proprietorship falls into one of […]