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 article, let it be … 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
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 not … Read more
7/23/2014 – The Illinois Secretary of State is open once more, after a small fire shut down business filing services Tuesday.
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 to … Read more
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 paperwork. … Read more
On July 1, 2014, IRS Form 1023-EZ was released, give nonprofits a new way of applying for federal tax exemption under 501(c)(3).
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
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 are … Read more