Welcome to Our Blog

Welcome to the blog for Harbor Compliance. Our passion is helping entrepreneurs choose, set up, and learn how to administer their LLC, corporation, nonprofit, or other business structure. We focuses exclusively on incorporation and compliance, not a wide range of legal services. Please share your questions, comments, and dreams with us!



Deciding Between a Corporation and an LLC

> Posted on September 1st, by James in Small Business, Start a Business. No Comments
Deciding Between a Corporation and an LLC

When starting a business, many owners find themselves deciding between several entities for their business. Understanding liability protection, tax structures, and legal vocabulary can be overwhelming!

Today, we’ll compare the two most common choices for a business, the limited liability … Read more >>



4 Ways to Foreign Qualify Like The Pros

> Posted on August 27th, by James in Compliance, Small Business. No Comments
4 Ways to Foreign Qualify Like The Pros

Foreign qualification is the process by which you register your entity in new states, and stay compliant across several jurisdictions. For many small business owners, understanding how to foreign qualify is just as confusing as a foreign language.

If you … Read more >>



With Form 1023-EZ, Determination Letter Arrives in Weeks

> Posted on August 20th, by James in Industry News, Nonprofits. 3 comments
With Form 1023-EZ, Determination Letter Arrives in Weeks

News of the recent release of IRS Form 1023-EZ has spread like wildfire. Introduced in July, the form, designed to streamline the application and approval process for federal tax exemption, has triggered a number of questions throughout the nonprofit world.… Read more >>



Connecticut Secretary of State Experiencing Delays

> Posted on August 14th, by James in Industry News. No Comments
Connecticut Secretary of State Experiencing Delays

8/14/2014 The Connecticut Secretary of State has been experiencing computer and copier issues. Clerks are unable to print copies, certified copies, and confirmations of filings.

The Secretary of State’s office is unsure when all systems will be running normal once … Read more >>



How to be Proactive While Waiting for Your Determination Letter

> Posted on August 13th, by James in Compliance, Nonprofits. No Comments
How to be Proactive While Waiting for Your Determination Letter

Obtaining your IRS determination letter is a crucial step to starting your nonprofit. Unfortunately, this magical document, which grants an organization federal tax exemption, and the myriad benefits associated with it, usually arrives 9-12 months after filing Form 1023. While … Read more >>



C-Corp or S-Corp: Which Makes Sense for Your Business?

> Posted on August 8th, by James in Small Business. No Comments
C-Corp or S-Corp: Which Makes Sense for Your Business?

This is the third post in our series of entity comparisons. Be sure to check out the first and second segments!

When starting a business, many owners find themselves deciding between several entities for their business. Understanding liability protection, tax … Read more >>



Three Ways to Save Money on Business Registration

> Posted on August 4th, by James in Small Business. 1 Comment
Three Ways to Save Money on Business Registration

 

Here at Harbor Compliance, we don’t believe in cutting corners.

Registering your business with the state should always be done diligently, so that your business or nonprofit obtains limited liability protection, and maintains good standing with the state.

That … Read more >>



LLC vs S-Corp: Which Is Best for My Small Business?

> Posted on July 31st, by James in Small Business, Start a Business. 1 Comment
LLC vs S-Corp: Which Is Best for My Small Business?

This is the second post in our series of entity comparisons. You can read the first post here.

If you’re starting a small business, you have a few more options than the single business owner. Traditional corporations (C-Corps), S-Corps, … Read more >>



Social Enterprise Ideas Advance to Final Round

> Posted on July 30th, by James in Local News, Social Enterprise. 1 Comment
Social Enterprise Ideas Advance to Final Round

One of our favorite types of businesses here at Harbor Compliance is the Social Enterprise. Social enterprises are for-profit businesses; however, their mission is to produce a measurable social or environmental benefit, rather than to maximize shareholder gains.

Our friends … Read more >>



Selecting a Business Structure as a “Solopreneur”

> Posted on July 29th, by James in Self-Employment, Start a Business. 2 comments
Selecting a Business Structure as a “Solopreneur”

When starting a business, many owners find themselves deciding between several entities for their business. Understanding liability protection, tax structures, and legal vocabulary can be overwhelming!

In order to make the decision-making processes a little easier, this series will compare … Read more >>



Three Reasons Why Rejection Hurts Your Business

> Posted on July 24th, by James in Compliance, Small Business, Start a Business. 1 Comment
Three Reasons Why Rejection Hurts Your Business

In life, getting rejected stinks.

When preparing your corporate documents, not filing timely or properly jeopardizes your “good standing.” Getting them rejected outright wastes your valuable time, and can even chalk up to a financial loss.

A rejection is not … Read more >>



Illinois Secretary of State Reopens After Fire

> Posted on July 23rd, by James in Industry News. No Comments
Illinois Secretary of State Reopens After Fire

7/23/2014 – The Illinois Secretary of State is open once more, after a small fire shut down business filing services Tuesday.

If you’re registering in Illinois, expect a bit of a delay, but normal processing times should resume shortly.… Read more >>



Illinois Secretary of State Closed Due to Small Fire

> Posted on July 22nd, by James in Industry News. No Comments
Illinois Secretary of State Closed Due to Small Fire

7/22/2014 – The Illinois Secretary of State is closed today due to a small fire. Though the fire has been contained, the building is experiencing electrical issues and has no air conditioning.

As a result, the state is only able … Read more >>



When Should I Incorporate My Nonprofit?

> Posted on July 21st, by James in Nonprofits. 1 Comment
When Should I Incorporate My Nonprofit?

One of the toughest parts of starting a nonprofit is knowing whether to incorporate, and when to do so. The decision has two factors: whether you should register as a nonprofit corporation in your state, and when, between concept and … Read more >>



UPDATE: New IRS Form 1023-EZ

> Posted on July 17th, by James in Industry News, Nonprofits. No Comments
UPDATE: New IRS Form 1023-EZ

On July 1, 2014, the IRS released Form 1023-EZ, a new way of applying for federal tax exemption under 501(c)(3).

At the time of the announcement, there was much uncertainty about the effectiveness and desired outcomes of this new form. … Read more >>



The Hidden Cost of Business Ownership: Eternal Vigilance

> Posted on July 16th, by James in Small Business. No Comments
The Hidden Cost of Business Ownership: Eternal Vigilance

In the words of Thomas Jefferson, “eternal vigilance by the people is the price of liberty.”

In the world of small business, eternal vigilance has a more tangible value: keeping your business afloat and your information private.

New business owners … Read more >>



Breaking Up With Your Registered Agent

> Posted on July 14th, by James in Small Business. 2 comments
Breaking Up With Your Registered Agent

You’ve seen the warning signs and red flags.

You pay to receive documents, a service you thought you had already paid for with your annual fee. You were supposed to receive an annual report notice, but didn’t, and now you … Read more >>



Indiana Releases New Business Forms

> Posted on July 14th, by James in Industry News, Start a Business. 3 comments
Indiana Releases New Business Forms

The Indiana Secretary of State has released a new set of forms for all initial business filings. If you’re registering a domestic or foreign entity, you must use these forms. The state fees have not changed.

The new forms are … Read more >>



The Great Social Enterprise Pitch

> Posted on July 9th, by James in Local News, Social Enterprise. 5 comments
The Great Social Enterprise Pitch

Here at Harbor Compliance, we love business ideas that are socially responsible, have a higher purpose, and support the local community.

We also have a bit of a competitive streak!

That’s why we’re excited to be an in-kind sponsor of … Read more >>



Should I Form My New Business in Delaware or Nevada?

> Posted on July 8th, by James in Small Business, Start a Business. 1 Comment
Should I Form My New Business in Delaware or Nevada?

Please note: the following does not constitute legal, tax, or accounting advice.

The inspiration for this post comes from the frequent inquiries we get about starting a “Delaware corporation” or a “Nevada LLC.”

I want to … Read more >>



New 1023-EZ Form: the Good, the Bad, and the Ugly

> Posted on July 2nd, by James in Industry News, Nonprofits. 6 comments
New 1023-EZ Form: the Good, the Bad, and the Ugly

UPDATE: July 17, 2014 – Read more on this topic here

 

If you are or will be filing for 501(c)(3) tax exemption, heads up!

On July 1, the IRS released the much anticipated and hotly debated Form 1023-EZ, … Read more >>



New State Forms for New York Nonprofits

> Posted on July 1st, by James in Industry News, Nonprofits. 1 Comment
New State Forms for New York Nonprofits

As you know from my previous posts, much of the New York Nonprofit Revitalization Act takes effect today, July 1, 2014.

In celebration thereof, New York has released a series of new forms for nonprofits.

Below are two you’ll … Read more >>



NY Nonprofit Revitalization Act: Governance Requirements for Large Organizations

> Posted on June 26th, by James in Compliance, Industry News, Nonprofits. No Comments
NY Nonprofit Revitalization Act: Governance Requirements for Large Organizations

At the end of 2013, New York signed into law the Nonprofit Revitalization Act (NPRA), which is designed to reform the statutory governance requirements for nonprofit organizations. This is one of the most sweeping pieces of nonprofit legislation in recent … Read more >>



NY Nonprofit Revitalization Act: New Financial Reporting Rules

> Posted on June 26th, by James in Compliance, Industry News, Nonprofits. No Comments
NY Nonprofit Revitalization Act: New Financial Reporting Rules

At the end of 2013, New York signed into law the Nonprofit Revitalization Act (NPRA), which is designed to reform the statutory governance requirements for nonprofit organizations. This is one of the most sweeping pieces of nonprofit legislation in recent … Read more >>



How NY’s Nonprofit Revitalization Act Affects Your Organization

> Posted on June 25th, by James in Compliance, Industry News, Nonprofits. 2 comments
How NY’s Nonprofit Revitalization Act Affects Your Organization

At the end of 2013, New York signed into law the Nonprofit Revitalization Act (NPRA), which is designed to reform the statutory governance requirements for nonprofit organizations. This is one of the most sweeping pieces of nonprofit legislation in recent … Read more >>



Colorado Announces Fee Holiday for Business Formation

> Posted on June 23rd, by James in Industry News, Start a Business. 2 comments
Colorado Announces Fee Holiday for Business Formation

Beginning July 1, 2014, Colorado will deliver a fee holiday, reducing the new business filing fee from $50 to $1. The aim is to pass savings from a government surplus onto new business owners in the state and to drive … Read more >>



Missouri Secretary of State Suspends Business Services

> Posted on June 18th, by James in Industry News. 1 Comment
Missouri Secretary of State Suspends Business Services

From June 17 to June 23, 2014, the Business Services Division of the Missouri Secretary of State will suspend services for scheduled system maintenance.

Nearly all business services will be unavailable, including business entity search, document filings, and obtaining certified … Read more >>



Delaware Increases Annual Franchise Tax

> Posted on May 15th, by James in Industry News. 2 comments
Delaware Increases Annual Franchise Tax

The Delaware Secretary of State announced beginning July 1, 2014, there will be an increase in franchise tax fees, including those for LLCs, LLPs, LPs, and corporations.

The franchise tax is a fee to the state for maintaining your … Read more >>



Your Registered Agent Questions, Answered

> Posted on April 14th, by James in Compliance. 1 Comment
Your Registered Agent Questions, Answered

You probably came across the term “registered agent” while filling out formation documents, or more commonly, you heard that you need one, I think…right?

Don’t worry, we get many questions about this service, and we thought it would … Read more >>



Deadline for Mailing Out W-2 and 1099 Tax Forms

> Posted on January 24th, by Mike in Compliance. No Comments

The deadline for employers to mail out IRS forms W-2 and 1099 to employees or contractors is January 31st.

Form W-2 is used to report a employee’s wages and tax withholdings.  Employers are required to keep a copy of the … Read more >>



Full-time employee, part-time entrepreneur

> Posted on January 21st, by Mike in Self-Employment, Start a Business. 1 Comment
Full-time employee, part-time entrepreneur

I recently was a guest on The Power of Part Time TV, an online show dedicated to entrepreneurs with a “side hustle”.  The side hustle is very common, as even I was once a part-time entrepreneur.  A lot of Read more >>



New Procedures for Updating Company Information with the Pennsylvania Department of Revenue

> Posted on January 13th, by Mike in Compliance. No Comments

The Pennsylvania Department of Revenue recently made changes to the procedures for updating company information.  Businesses that are registered through the e-Tides system are now able to update company information online instead of having to file the paper forms REV-854 … Read more >>



New Expedited Services from Pennsylvania Department of

> Posted on January 5th, by Mike in Compliance, Start a Business. No Comments

The Pennsylvania Bureau of Corporations is now offering expedited processing services for businesses starting January 6, 2014.  Three levels of service are available:

  • One-hour service (received by 4PM ET) – $1,000 plus filing fee
  • Three-hour service (received by 2PM ET)
Read more >>

How to Choose a Name and Logo for Your New Business

> Posted on October 28th, by Megan in Inspiration, Start a Business. 3 comments
How to Choose a Name and Logo for Your New Business

When you are first starting your business, choosing a name and logo is one of the most exciting steps.  This article will give you the background you need and the correct order of events in setting up your business name.… Read more >>



Your Window of Opportunity to Start a Business

> Posted on October 21st, by Megan in Small Business, Start a Business. No Comments
Your Window of Opportunity to Start a Business

Finding the window of opportunity to start a business isn’t what you think.  Most of our clients weren’t handed their window of opportunity.  They made it.

Here’s the fantasy:

  • You inherit a big wad of start-up capital from a long-lost
Read more >>

Columbus Day And Finding Financing For Ill-Conceived Adventures

> Posted on October 14th, by Megan in Financing. No Comments
Columbus Day And Finding Financing For Ill-Conceived Adventures

Today is Columbus Day, which means today we commemorate Christopher Columbus’ arrival in the Americas on Oct. 12, 1492.   Entrepreneurs reserve a special sort of awe for this day.  400 years later we’re still amazed how he negotiated backing for … Read more >>



Self-Employed Celebration & Wine Chart

> Posted on October 7th, by Megan in Self-Employment. No Comments
Self-Employed Celebration & Wine Chart

When you work for yourself, it’s easy to move on to the The Next Big Thing before taking ample time to reward yourself for your accomplishments.  The antidote?  A bit of kindness.  And maybe some help from the below handy … Read more >>



How to Win at Business: Lessons from Paper, Rock, Scissors

> Posted on September 30th, by Megan in Inspiration. No Comments
How to Win at Business: Lessons from Paper, Rock, Scissors

Every year there is a rock, paper, scissors world championship and every year the same faces make it to the top.  How do they consistently make it to the top in a game of chance?  And how can you apply … Read more >>



Small Business Infographic

> Posted on September 25th, by Megan in Uncategorized. No Comments
Small Business Infographic

When you’re starting a small business, you may want to know the statistics about your fellow entrepreneurs.  67% of entrepreneurs start their business out of personal passion and most are connected with their local community.  Learn more small business statistics … Read more >>



Client Spotlight: Marilyn Walker from Synergize!

> Posted on May 18th, by Mike in Client Spotlight. 2 comments
Client Spotlight: Marilyn Walker from Synergize!

This week we have a special client spotlight on Marilyn Walker of Synergize!, a consulting company that helps other companies hire and retain better employees.  Synergize! is located in Lancaster, PA and has built better teams of employees for … Read more >>



What I’m Reading: April 4, 2013 Edition

> Posted on April 8th, by Mike in Inspiration. No Comments
What I’m Reading: April 4, 2013 Edition

Here are my top motivational reads for the week:

Need a Job, Invent It” – New York Times columnist Thomas Friedman

What the smartest people do on the weekend is what everyone else will do during the Read more >>



Small Business Health Insurance: How Business Owners are Dealing with Rising Costs

> Posted on April 6th, by Mike in Uncategorized. 4 comments
Small Business Health Insurance: How Business Owners are Dealing with Rising Costs

Health insurance is an area of concern for just about all small business owners.  Business owners are facing the rising costs of insuring themselves and their employees.  What the future holds under the Affordable Care Act is uncertain.

Find out … Read more >>



Pennsylvania Department of State Issues Consumer Alert

> Posted on March 28th, by Mike in Uncategorized. No Comments
Pennsylvania Department of State Issues Consumer Alert

The Pennsylvania Department of State has issued a scam warning for solicitations of annual minutes fees.  The company responsible for these solicitations, Pennsylvania Corporate Compliance Company, is mailing out official looking notices to Pennsylvania businesses.  These notices, titled “… Read more >>



PA fictitious name registration

> Posted on March 26th, by Mike in Uncategorized. No Comments
PA fictitious name registration

In my previous post, I explained 5 insidious myths surrounding Pennsylvania fictitious names.  My position is that fictitious names are rarely the best option for small businesses.  In certain cases however, registering a PA fictitious name is justified.  The … Read more >>



Do I Need Liability Insurance, Limited Liability Protection, or Both?

> Posted on March 15th, by Mike in Uncategorized. 1 Comment
Do I Need Liability Insurance, Limited Liability Protection, or Both?

I am often asked how liability insurance is different from limited liability protection.  Liability insurance is purchased from an insurance company to cover claims against the business.  Business entities such as limited liability companies (LLCs) and corporations provide limited liability … Read more >>



Pennsylvania Fictitious Name: Five Insidious Myths Debunked

> Posted on February 26th, by Mike in Uncategorized. 1 Comment

A Pennsylvania fictitious name does not provide liability protection and other important benefits.  Most business owners have heard about the pros and cons of different business structures but do not fully understand the implications for their businesses.

Fictitious names are … Read more >>



Could a Library be an Entrepreneur’s Dream Workspace?

> Posted on February 20th, by Mike in Uncategorized. 7 comments

library working

Co-working has recently become a popular trend as a way for entrepreneurs to share an office with other like-minded individuals.  Some entrepreneurs use co-working to get out of their home office one or two days a week, while others use … Read more >>



How to Get the Legal Advice You Need Without Breaking the Bank

> Posted on February 18th, by Mike in Uncategorized. 2 comments

law booksIn my last post, I talked about the importance of building a solid professional team to help you maintain compliance.  One of the most important members of this team is an attorney.  In an ideal world, you would consult with … Read more >>



Building Your Team of Professional Advisers to Help You Stay Compliant

> Posted on February 17th, by Mike in Uncategorized. No Comments

company higher consil

I’m sure you’ve heard many times that people are the key to the success of any business.  Jim Collins, business expert and author of one of my favorite business books, Good to Great, states the first step to building … Read more >>



Welcome!

> Posted on February 15th, by Mike in Uncategorized. Comments Off

RSS

Welcome to our new blog!

We’ve decided to create this blog to make useful information available to small business owners and entrepreneurs.  Through our blog, you will have an opportunity to post comments and ask our experts questions.  We will … Read more >>





Headquartered in Lancaster, Pennsylvania, we help entrepreneurs across the country form and run compliant businesses and nonprofits.
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