7 Reasons Why You Should Hire a Business Attorney
A business attorney can be a protective shield for your business if legal problems arise. Read this article to find out all the benefits of hiring a business attorney.
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What Are Seller’s Permits?
The requirements to register and obtain a sales tax permit or resale permit vary widely from state to state: in a majority of states, businesses dealing in tangible products for retail sale (or rental) must obtain a permit; in a growing number of others, that same requirement is extended to retail sales of taxable services’what services are taxed varies enormously from state to state.
→ Read MoreDo you need to file a fictitious business name statement for your new business?
To answer that question, it is important to understand what a fictitious business name is and how it is used. Here is a simple definition of a fictitious business name: A fictitious business name is one that does not use the business owner’s name. Corporations are generally exempt, as are businesses that use the individual proprietor’s own name. If you are doing business as (d/b/a), John Doe or Widgets Incorporated, then you don’t need a fictitious business name.
→ Read MoreWhat You Need to Start a Business
Since the recession took hold of the economy, many misplaced workers have decided to become entrepreneurs and start their own business. To start a business, you should have a solid understanding of the particular type of business you intend to start, a written business plan, and enough funds to cover your costs until the business becomes profitable.
→ Read MoreLicenses and Permits Needed to Start a New Business
Most businesses have licensing or permit requirements. Whether or not you will need a business license or business permit depends on the type of business you plan to open, the location of your business, and federal, state, county, and local rules. Some businesses need to have special licensing, while others only need a tax or operating license.
→ Read MoreOperating a Home-Based Business from Your Condo or Co-Op
The United States supports free enterprise, which means that anyone has the right to start a freestanding business or home-based business on his own without owning a piece of property. The law states that as long as your business isn’t disruptive to peace or unsanitary in nature, all businesses, including your home-based business, are legally protected.
→ Read MoreVisas for Non-Citizens Wishing to Start a Business in the United States
Citizenship and residency are not required to start a small business in the United States. Some small business opportunities may allow you to choose to reside in the United States if you qualify for an L-1 or E-2 Visa. While the L-1 Visa is only granted for up to one year at a time, the E-2 Visa can be granted for up to two years and is indefinitely renewable.
→ Read MoreCommon Forms of Business Ownership that Reduce Personal Liability
Starting a business is a difficult decision filled with many choices. It is a complicated process that involves everything from choosing a name to deciding whether to offer stocks. One of the first decisions you have to make as a business owner is about the legal structure of your business. Click here for details about common forms of businesses.
→ Read MoreWhen You Can’t Make Payments On Your Small Business Loan
Although your situation may seem fairly fluid, the fact of the matter is that if you fail to pay a small business loan, even if your failure to pay was due to your small business failure, there is a possibility that you could be sued by the bank that gave you the loan. Small business loan defaults are not uncommon, and banks are relatively willing to try to recoup their losses due to a small business failure by filing suit.
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