As your business grows, and you wish to do business outside your home state, you will need to know when to foreign qualify your business. This post discuss possible reasons to foreign qualify, and will help you understand when this … Read more
In his recent The Washington Post article, “Where have all the entrepreneurs gone?,” Robert Samuelson discusses the aging of American businesses, and laments that the number of entrepreneurs in this country is shrinking, fast. A nation of go-getters … Read more
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
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
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
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
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
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
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 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