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Form 1099 is a document that serves as a report for Receiving payments in various forms that are appreciably different from a paycheck. For them to comply with the tax regulations, Partnership LLCs should be able to comprehend when and…
In the United States tax system, Form 1099 plays a vital role as it allows taxpayers to report income from sources other than employment. Completing this set of IRS tax forms is helpful in ensuring every taxpayer has reported their…
When setting up a Limited Liability Company (LLC), one of the key decisions business owners need to make is whether to opt for a member-managed LLC vs manager-managed LLC. This decision is important because it will determine how your business…
In this modern age where everything is in sync, an interesting way of living called digital nomadism can now be embraced by the masses. The combination of traveling around the world while working remotely and running any business as a…
Every business starts with an idea, a problem that one wants to solve which has the potential to evolve entire industries. Filling out all these forms and convincing others of your business model isn’t as simplistic as it may seem.…
The L-1 visa is one of the most frequent cases in the court of U.S. visa categories for companies that wish to send their employees from overseas branches to the branch, a subsidiary, an affiliate, or a parent company in…
When you want to establish a business, deciding on the structure to use is the most important part. Among the clients’ frequent questions, common terms LLC and DBA are most likely to be heard. Both terms do refer to a…
Freelancing gives unrivaled control over one’s time, the possibility to self-manage and better yet earn a living doing what one loves. Nevertheless, with the growth of the freelance business comes the concern of whether forming an LLC should be a…
What is a Certificate of Good Standing? A Certificate of Good Standing is a legal document that a certain state has authorized through its secretarial state’s office that shows that a business entity like an LLC or a corporation has…
For many businesses, be it smaller or larger ones, the most important challenge is looking after the financial health of the organization. A larger organization comes with many more complex financial and legal requirements. While several small business owners prefer…
