Everything You Need to Know about Corporate Bylaws Corporate bylaws are the legal rules a corporation is operated by after the business is formed. Once the organization has a legal entity that has been filed with its state, the board of directors will typically decide on the bylaws by which the company will live going … Continue reading “What are Corporate Bylaws?”
Read MoreOpening a business banking account is a simple four-step process that can typically be completed in less than an hour if you have prepared beforehand. You can open a business bank account either online or in person, but doing so online will typically take longer and could require additional documentation. Before you open a business … Continue reading “How to Open a Business Banking Account”
Read MoreCorporate stock refers to a type of ownership in a legal business entity, such as an C-corporation. Corporations typically issue stock to raise money from investors to fund capital expenditures or future growth. Typically corporate stock is broken up into common or preferred stock. Both can be beneficial depending on what the situation is for … Continue reading “How Corporate Stock Works: Types of Stock and How to Issue It”
Read MoreOne of the most popular ways to protect businesses from potential legal liability is to use multiple business incorporations. This typically entails a business putting assets in different LLC’s or corporations. The biggest benefit to business owners is that if you have a big mess up, or financial loss, in one part of your business … Continue reading “Why Using Multiple Business Entities May Help Your Business”
Read MoreTransferring real property, or other assets, into an LLC or corporation can help you protect yourself from personal liability. This is typically done with property you anticipate having another party involved with in some way, such as a rental property. Transferring property can help protect you from personal legal liability. The process for transferring property … Continue reading “How to Transfer Property to Your LLC or Corporation”
Read MoreFunding for LLCs and Corporations can be difficult as a new LLC or corporation because you don’t have a financial history for potential lenders to make a lending decision from. Instead, you’ve got to find creative ways to fund your company in order to get the capital you may need to either launch or grow … Continue reading “Funding for LLCs and Corporations: Top 9 Ways to Finance Your Company”
Read MoreYou want to protect yourself and run your business in the easiest way possible. A good way to ensure this is to think carefully about which state you’ll incorporate in. In this article, I’ll share insight regarding how to incorporate your business somewhere other than your home state and why it might be beneficial for … Continue reading “Why Incorporate in Another State”
Read MoreThe new tax law, called the “Tax Cut and Jobs Act” (TCJA), was signed into law on December 22, 2017 and is the largest overhaul of the US tax system since 1986. The bill is huge, and actually, in our opinion, makes many aspects of the tax code more complex rather than simpler. Some of … Continue reading “How the New 2018 Tax Law affects Small Business Owners”
Read MoreThe New Jersey Business Climate With the highest urban population in the United States and the densest system of highways and railroads, New Jersey is pretty much the promised land for any startup that requires an urban focus. It’s got a strong healthcare and manufacturing sector, and its transportation and technology industries are both booming. … Continue reading “Overcoming The Biggest Challenge To Starting a Business In New Jersey”
Read MoreNicknamed “The Diamond State,” Delaware is known in the startup community for its extremely business-friendly corporate laws. Its neighboring states know it as “the home of tax-free shopping,” and it’s got a thriving tourism industry – one of the most successful in the It’s also the second-smallest state in the country, with a total land … Continue reading “The Biggest Challenge You’ll Face When Starting a Business in Delaware”
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