How Are You Spending Your Free Time?
Posted on September 3, 2014, by James Gilmer in Business Compliance.
This morning, I got a phone call.
It was a gentleman interested in starting a public charity, in order to raise money to build a local skate park. The skate park, he said, is a huge need in his community.… Read more
Corporation or LLC: What’s the Difference?
Posted on September 1, 2014, by James Gilmer in Business Compliance.
As you select a legal structure for your business, you may find yourself choosing either the corporation or LLC (limited liability company). These are the two most common legal entities for a new business, and this post will compare them, … Read more
4 Ways to Foreign Qualify Like The Pros
Posted on August 27, 2014, by James Gilmer in Business Compliance.
Congratulations, your business has grown, and it’s time to foreign qualify! While the process takes time, and costs money, there are a few shortcuts that can benefit your business.
If you are unfamiliar with “foreign qualification,” please first read, “… Read more
C-Corp vs. S-Corp: Which Makes Sense for Your Business?
Posted on August 8, 2014, by James Gilmer in Business Compliance.
Today, I’ll be comparing the C-Corp vs. S-Corp tax classifications. You will have come across both of these terms as you structure your business, and it’s important to know the difference!
Before you read anything, understand this:
The first, … Read more
3 Ways to Save Money on Business Registration
Posted on August 4, 2014, by James Gilmer in Business Compliance.
Here at Harbor Compliance, we don’t believe in cutting corners.
Business registration 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 being … Read more
LLC or S-Corp: Which Is Better for My Small Business?
Posted on July 31, 2014, by James Gilmer in Business Compliance.
Understanding the difference between an LLC or S-Corp can be challenging for a small business owner. Neither is “better,” but when deciding, always consider your organization’s resources, mission, and plan for growth.
If you take one point away from this … Read more
Social Enterprise Ideas Advance to Final Round
Posted on July 30, 2014, by James Gilmer in Business Compliance.
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 29, 2014, by James Gilmer in Business Compliance.
Selecting a business structure as a solopreneur is less complicated then you might think. While there are plenty of confusing terms out there, such as “liability protection” and “tax structures,” you really have one decision, that of sole proprietor vs. … Read more
Three Reasons Why A Rejected Filing Hurts Your Business
Posted on July 24, 2014, by James Gilmer in Business Compliance.
In life, getting rejected stinks.
When preparing your corporate documents, not filing timely or properly jeopardizes your “good standing.” Getting a filing rejected outright wastes your valuable time, and can even chalk up to a financial loss.
A rejection is … Read more
The Hidden Cost of Business Ownership: Eternal Vigilance
Posted on July 16, 2014, by James Gilmer in Business Compliance.
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