How to Make Sense of AB5 (And Possibly Get Around It)
Wednesday, September 16th, 2020NOTE: This article is not considered legal advice, just our interpretation. As always, we recommend you contact an attorney if you are unclear on any new law. California Assembly Bill 5 (AB5), also known as the “Gig Worker” bill, was passed in 2019 under the guise it would promote labor unions and provide benefits to … Continue reading “How to Make Sense of AB5 (And Possibly Get Around It)”
Read MoreWhat to Do After Incorporating or Forming an LLC
Thursday, July 9th, 2020After you create a legal entity by either incorporating (C or S corporations) or forming an LLC, it’s important to know what to do next. Some states have extra requirements after you’ve completed all of the paperwork for your legal entity to become activated, and depending on the type of legal entity you chose you’ll … Continue reading “What to Do After Incorporating or Forming an LLC”
Read MoreHow to Sell on Amazon as a Non-US Citizen
Wednesday, February 5th, 2020You don’t need to be a United States citizen to sell on Amazon, but once you sell 50 or more items on the marketplace, you’ll need to have a proper tax id. However, if you’re selling through Amazon’s FBA (Fulfillment By Amazon) program then you’ll need to form a company in the United States before … Continue reading “How to Sell on Amazon as a Non-US Citizen”
Read MoreWhat are Corporate Bylaws?
Thursday, October 17th, 2019Corporate bylaws are the legal rules a corporation is operated by after the business if 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 which the company will live by going forward. Some examples of bylaws include listing a … Continue reading “What are Corporate Bylaws?”
Read MoreHow to Open a Business Bank Account
Thursday, August 15th, 2019Opening a business bank 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 Bank Account”
Read MoreHow Corporate Stock Works: Types of Stock and How to Issue It
Thursday, July 25th, 2019Corporate 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 MoreWhy Using Multiple Business Entities May Help Your Business
Thursday, July 11th, 2019One 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 MoreHow to Transfer Property to Your LLC or Corporation
Thursday, June 20th, 2019Transferring 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 Your Company: Top 9 Ways to Finance Your LLC or Corporation
Friday, June 7th, 2019Funding your company 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 your business. … Continue reading “Funding Your Company: Top 9 Ways to Finance Your LLC or Corporation”
Read MoreWhy Incorporate Your Business in a Different State
Friday, July 13th, 2018
You 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 Your Business in a Different State”
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