Harbor Compliance Blog

Popular Categories

What to Do While Waiting for Your Determination Letter

James Gilmer
Posted on August 13, 2014, by James Gilmer in Nonprofit Compliance.

You’ve applied for 501(c)(3) tax exemption, and are waiting for your IRS determination letter. What can you do while you wait for it?

Obtaining your IRS determination letter is a crucial step to starting your nonprofit. Unfortunately, this magical document, … Read more

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

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

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

James Gilmer
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

3 Ways to Save Money on Business Registration

3 Ways to Save Money on Business Registration

James Gilmer
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?

LLC or S-Corp: Which Is Better for My Small Business?

LLC or S-Corp: Which Is Better for My Small Business?

James Gilmer
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

Social Enterprise Ideas Advance to Final Round

Social Enterprise Ideas Advance to Final Round

James Gilmer
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”

Selecting a Business Structure as a “Solopreneur”

Selecting a Business Structure as a “Solopreneur”

James Gilmer
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

Three Reasons Why A Rejected Filing Hurts Your Business

Three Reasons Why A Rejected Filing Hurts Your Business

James Gilmer
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

Illinois Secretary of State Reopens After Fire

Illinois Secretary of State Reopens After Fire

Illinois Secretary of State Reopens After Fire

James Gilmer
Posted on July 23, 2014, by James Gilmer in Industry News.

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

Illinois Secretary of State Closed Due to Small Fire

Illinois Secretary of State Closed Due to Small Fire

James Gilmer
Posted on July 22, 2014, by James Gilmer in Industry News.

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?

When Should I Incorporate My Nonprofit?

When Should I Incorporate My Nonprofit?

James Gilmer
Posted on July 21, 2014, by James Gilmer in Nonprofit Compliance.

As you plan your organization, you need to know when to incorporate the nonprofit. The decision has two factors: whether you should register as a nonprofit corporation in your state, and when, between concept and execution, to start with government … Read more

© 2012 - 2020 Harbor Compliance. All rights reserved. Harbor Compliance does not provide tax, financial, or legal advice. Use of our services does not create an attorney-client relationship. Harbor Compliance is not acting as your attorney and does not review information you provide to us for legal accuracy or sufficiency. Access to our website is subject to our Terms of Use and Service Agreement.