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
With IRS Form 1023-EZ, Become 501c3 Tax Exempt 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
CT Secretary of State Experiencing Delays
Posted on August 14, 2014, by James Gilmer in Industry News.
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
What to Do While Waiting for Your Determination Letter
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?
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