Feb
7
LLC Partnership Taxes: 1065 and K-1
February 7, 2008 | 1 Comment
A Limited Liability Corporation (LLC) can be treated as an S-Corporation or as a Partnership by the Federal Government Internal Revenue Service (IRS) (you fill out form 8832 to classify it as Partnership). When I established my LLC I made it a Partnership: a very flexible arrangement that allows me to divide the earnings [...]
Feb
6
LLC Annual Report In Massachusetts
February 6, 2008 | Comments Off
Massachusetts requires Limited Liability Corporations to present an Annual Report every year, on or before the anniversary date of the corporation. They request you to confirm the information you entered at the time of registration or amendment. And they leave you space to inform the state and your LLC members of any other important information [...]
Feb
5
Small Business Credit : DUN Numbers : Dun & Bradstreet
February 5, 2008 | 1 Comment
One of the benefits of incorporating is separating your personal liability from your business liability. Banks, however, do not like to loan to small business as easily as they do to people. People have a credit history and a capacity to earn money: and they try not to cease to exist when [...]
Feb
5
Jobless Recovery : Innovation Food
February 5, 2008 | Comments Off
Some people measure economy in Gross Domestic Product (GDP). Some others measure it in unemployment rates and number of jobs created. CNNfn is suggesting that our GDP will recover, but our job market will not (bear in mind our 4.9% unemployment rate is one of the lowest ones in the industrialized world). I think a [...]
Jan
16
Turning a Recession Into An Opportunity
January 16, 2008 | Comments Off
There is no denying that recessions are not good for anyone. People and companies are cash strapped and are afraid because they do not know when things will get better. Recessions do not give any reasons to celebrate about them.
Recessions, however, provide opportunities. Proactive people pick up themselves from the sad [...]
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