Running Your Business
BizFilings provides useful information to help you manage and grow your business.
Nearly every business must have at least one license. Determining which licenses are required by your state and local government and then complying with all the paperwork can be time-consuming and vexing. However, failing to comply and stay current with license requirements can result in fines, penalties, business closures, and lost customers.
There are many approaches to take in establishing an accurate valuation for your business. Finding the best method for your situation will provide you with the best measure of value.
Customers love gift cards and most plan to buy some this year. If your business issues gift certificates, you need to understand the rules governing them.
An ambitious joint enforcement program between Connecticut's Secretary of State and its Attorney General to collect penalties from businesses that failed to register and obtain a certificate of authority to do business in Connecticut netted nearly $1.8 million in Fiscal Year 2015.
Foreign qualification protects your business when you do business in a state other than your state of incorporation or formation
Ending a business that isn’t working out can make way for new, successful endeavors. Don’t let the remnants of a business that exists in name only get you in legal hot water. Proper dissolution requires specific filings in both home and foreign states so that the business—and your liability—is legally terminated.
Businesses have to handle license, permit and registration requirements throughout the business life-cycle. Whether a business chooses to do this with internal resources or to outsource some or all of these obligations, business licensing compliance is increasingly important in today’s regulatory environment.
Technology companies may be able to land government contracts, without enduring the painful government contracting process, by taking advantage of the RFP-EZ Marketplace, a pilot program launched by the Small Business Administration.
If you have a corporation or an LLC, changes that you make to your entity's name, management or ownership may trigger the need to document those changes with your home state and each state where you have registered to do business.
This month's newsletter features the latest information on the implementation of health care reform--including the delayed effective date for certain key provisions. We also cover the IRS's first-time penalty abatement program and provide some guidelines to make sure you are on track with your estimated tax payments. Other topics include: how to make the most of Facebook hashtags, why your business needs "good standing" and tips for making the most of sales tax holidays.
After a corporation, limited liability company (LLC), or other entity is formed it will need to maintain “good standing” status in state records. A status other than “good standing” could inhibit expansion into other states or the ability to obtain financing. It might also jeopardize the owners’ limited liability.
Any business that uses a name other than its legal name should take steps to comply with the assumed name statutes in the states in which it does business. Failing to do so can expose both the business and owners to unpleasant consequences.
The federal Third Circuit Court of Appeals has recently confirmed a valuable asset protection aspect of using an S corporation. If a subsidiary corporation files bankruptcy, the parent corporation can end the QSub's pass-through tax status, leaving the bankrupt subsidiary with the obligation of paying its own taxes instead of passing income through to a non-bankrupt owner.
Many state laws impose corporate recordkeeping requirements on corporations. Also, shareholders typically have a right of inspection.
The tax deadlines may have passed, but for many small business owners Annual Report deadlines are now on the horizon. Most states impose an annual information reporting requirement on all entities that are formed or qualified to do business within the state. The deadlines, fees charged and information required varies widely from state-to-state, but one fact is true in all states—missing a deadline can have severe consequences.
October is National Women’s Small Business Month and the perfect time to spotlight the varied resources and benefits available to businesses designated as woman-owned.