Do you have any art, sculpture, music, song, choreography, craft, designs poetry, software, graphic design, idea, photography, movie, game, web site or any other original material? Well, a copyright is something that you will need. A copyright gives the owner of a creative work the right to said work and the right from anyone else using these original ideas. A copyright can last for many years. It will last for 75 years after the death of the creator and if the creator was a business, it will last up to 120 years.
Copyright are very useful if you don't want anyone stealing your ideas. Theft of ideas, unfortunately, happens a lot these days and you have to protect yourself as much as you can.
Friday, September 18, 2009
Office Equipment Lease
If you have any office equipment that you would like to protect from law suits as well as have them as a tax write off, you can acquire an Office Equipment Lease. Under this lease you can place equipment such as computers, faxes, phones, printers, and even shredders. Anything in the office that is used in the office can become a tax write off and can be protected from law suits.
You can go to http://www.nickspradlin.com to acquire an Office Equipment Lease.
You can go to http://www.nickspradlin.com to acquire an Office Equipment Lease.
Vehicle Lease
Do you use your vehicle for business purposes such as driving yourself to work, running errands, delivering items, personal representation, or any other business related task? If so, a vehicle lease agreement would provide tremendous tax breaks for your company. It will also offer protection from losing your vehicle in case of a law suit. I say you should always go for something like this if you use your vehicle for business purposes. Accidents are called accidents for a reason.
I have known people that have lost their vehicles due to a law suit. If they had this agreement it could have saved their vehicle.
I have known people that have lost their vehicles due to a law suit. If they had this agreement it could have saved their vehicle.
Home Office Lease
Do you have a home office that you would like to use as a deduction? You can place your office space as a deduction for your company with a Home Office Lease. You need to have this agreement between yourself and the company to allow this to fucntion.
New Hire Reports
If you are going to be hiring employees for your company, you will need to report these employees to avoid paying expensive penalties from the department of revenue. Amongst needing an unemployment tax account number, you will need these documents as well. The Law Offices of Nick Spradlin, PLLC. can prepare a handy pack of ten for you. They have all of this information on their site as well at http://www.nickspradlin.com.
Thursday, September 17, 2009
Getting an Unemployment Tax Account Number
This next bit of information can also be found on the order forms at http://www.nickspradlin.com
"If you are going to be paying a wage to yourself or other employees, state law requires you to have an Unemployment Tax ID so that you may comply with the state unemployment withholding's. You will use the Unemployment Tax ID to mail in your quarterly unemployment withholding's due to the state."
As the above information states, you must have this unemployment tax account number to pay yourself, or your employees, a wage. You can acquire this number by having an attorney acquire it for you or you can acquire it yourself at http://www.myflorida.com. This order form will span across several pages and take quite some time, but you can indeed do it yourself. Make sure you have already set up a company for the unemployment tax account number to belong to. If you haven't already set up a company, you can do this at The Law Offices of Nick Spradlin, PLLC. This is where I set my company up and it was no hassle whatsoever. You can visit their site at the link located at the top of this block. www.nickspradlin.com
"If you are going to be paying a wage to yourself or other employees, state law requires you to have an Unemployment Tax ID so that you may comply with the state unemployment withholding's. You will use the Unemployment Tax ID to mail in your quarterly unemployment withholding's due to the state."
As the above information states, you must have this unemployment tax account number to pay yourself, or your employees, a wage. You can acquire this number by having an attorney acquire it for you or you can acquire it yourself at http://www.myflorida.com. This order form will span across several pages and take quite some time, but you can indeed do it yourself. Make sure you have already set up a company for the unemployment tax account number to belong to. If you haven't already set up a company, you can do this at The Law Offices of Nick Spradlin, PLLC. This is where I set my company up and it was no hassle whatsoever. You can visit their site at the link located at the top of this block. www.nickspradlin.com
Getting a Sales Tax ID
This next bit of information can be found on the order forms at http://www.nickspradlin.com
"If you need to purchase products for resale you will need a Sales Tax ID Number. The Sales Tax ID allows you to purchase the products tax free prior to resale."
I have my own company however I do not have this ID. I don't necessarily purchase items to resell them. However, If you own a company that does purchase for resale, you may want to consider this. You can buy items at bulk and not pay for taxes until they are sold in your store.
The small bit of information from nick spradlin's site says it all.
You can acquire your tax ID on your own at http://www.myflorida.com by filling out a form that will span across a few pages. It will ask you for information such as your SSN, your business location, your officers, your members, personal address, and a questionnaire that you must answer to the best of your knowledge.
As an added service, The Law Offices of Nick Spradlin can prepare all of this paperwork for you, or even acquire the sales tax ID number for you. You can call them at 877-845-0621 if you need any help with this. If you set up your company with them they can prepare all of this for you in a very convenient and very clean manner where all of the information from your company will be reflected on the form to acquire the tax ID. You can also order the sales tax ID online at their site http://www.nickspradlin.com
Thanks for viewing this blog!
Remember, I am not an attorney so you should always seek legal counsel.
"If you need to purchase products for resale you will need a Sales Tax ID Number. The Sales Tax ID allows you to purchase the products tax free prior to resale."
I have my own company however I do not have this ID. I don't necessarily purchase items to resell them. However, If you own a company that does purchase for resale, you may want to consider this. You can buy items at bulk and not pay for taxes until they are sold in your store.
The small bit of information from nick spradlin's site says it all.
You can acquire your tax ID on your own at http://www.myflorida.com by filling out a form that will span across a few pages. It will ask you for information such as your SSN, your business location, your officers, your members, personal address, and a questionnaire that you must answer to the best of your knowledge.
As an added service, The Law Offices of Nick Spradlin can prepare all of this paperwork for you, or even acquire the sales tax ID number for you. You can call them at 877-845-0621 if you need any help with this. If you set up your company with them they can prepare all of this for you in a very convenient and very clean manner where all of the information from your company will be reflected on the form to acquire the tax ID. You can also order the sales tax ID online at their site http://www.nickspradlin.com
Thanks for viewing this blog!
Remember, I am not an attorney so you should always seek legal counsel.
What is an Indemnification?
Ok, now we will talk about how to protect the officers in your corporation or LLC. This next bit of information can also be found on the order forms of http://www.nickspradlin.com .
"When you incorporate or organize your business you are protected as a Shareholder or Member (owner of a company); however, when you act as a director, officer or manager you have to understand there is no personal protection if you are sued. Therefore, it is strongly recommended to have us draft a contract between the corporation/LLC and the the directors/officers for an important layer of protection. "
This protects your president, vice president, secretary, and treasurer of your corporation, or, for your LLC, it protects your CEO (Chief executive officer), VOM (Vice operating manager), your secretary and your CFM (Chief Financial Manager).
Again, I must say I am not an attorney so you should always seek legal counsel.
When I set up my company I made sure that I set up an Indemnification Agreement so that I could have my personal assets protected in case something wrong were to happen. (such as being sued for negligence)
No one wants to lose their personal assets to a business loss. Imagine if you have your own house or your own car and your business gets sued. Without this indemnification, you would place all of those assets into an unnecessary risk.
An indemnification is a document that goes into your corporate kit and acts as a contract between the officers of the company and the company itself.
My opinion, I also don't know why anyone would want to set up a business without this level of protection.
"When you incorporate or organize your business you are protected as a Shareholder or Member (owner of a company); however, when you act as a director, officer or manager you have to understand there is no personal protection if you are sued. Therefore, it is strongly recommended to have us draft a contract between the corporation/LLC and the the directors/officers for an important layer of protection. "
This protects your president, vice president, secretary, and treasurer of your corporation, or, for your LLC, it protects your CEO (Chief executive officer), VOM (Vice operating manager), your secretary and your CFM (Chief Financial Manager).
Again, I must say I am not an attorney so you should always seek legal counsel.
When I set up my company I made sure that I set up an Indemnification Agreement so that I could have my personal assets protected in case something wrong were to happen. (such as being sued for negligence)
No one wants to lose their personal assets to a business loss. Imagine if you have your own house or your own car and your business gets sued. Without this indemnification, you would place all of those assets into an unnecessary risk.
An indemnification is a document that goes into your corporate kit and acts as a contract between the officers of the company and the company itself.
My opinion, I also don't know why anyone would want to set up a business without this level of protection.
Wednesday, September 16, 2009
Setting up an S elected company
Just to let you guys know, I am not an attorney.
Now, on to this topic. Setting up a sub chapter S apparently can help you pay less taxes because you are set up as a small busienss. Originally you would pay 15.3% in taxes, but if you make your company a Sub Chapter S Company, you can actually pay half of those taxes. Now, I know some people are on a higher tax bracket so I wouldn't know what level you would be placed on in this case. In order to set your business up as a Sub Chapter S, or S elected company, you must be a citizen or permanent resident of the United States.
This next bit of information can be found on http://www.nickspradlin.com on any of their secure order forms.
"The Sub-Chapter S Corporation allows the Shareholders to avoid having their profits taxed twice because there are no corporate taxes with a Sub-Chapter S Corporation. This type of Corporation also allows the owner to avoid the majority of his/her profits from being hit with a self employment tax. Lastly, the Shareholders of an S-Corporation are able to write off their losses on their personal taxes, even against separate income (money from other employment or a spouses income on a joint return.) If you want your business to have these major tax advantages the cost is only an additional $60. We will complete the Federal requirements and draft the Corporate articles, bylaws, resolutions and stock certificates to reflect the companies status as an S-Corporation. "
Honestly, I don't know why ANYONE would want to set up a business without one of these, but like all things, there must be reasons.
To set up an S-elected business you have to submit a form to the IRS (www.irs.gov) . You can submit it through the mail. The Law Offices of Nick Spradlin will fill this form out for you and make it ready for you to mail. You simply mail it in and wait for a response from the IRS. This will turn your corporation or LLC inro a 1120s 2553 instead of the original 1120 corporation or Schedule C \ 1065 partnership LLC.
Again, all of this information can be found online in their site on their forms and under the more information pages.
I will keep trying to find more information that I can post on this blog.
Thanks for viewing!
Now, on to this topic. Setting up a sub chapter S apparently can help you pay less taxes because you are set up as a small busienss. Originally you would pay 15.3% in taxes, but if you make your company a Sub Chapter S Company, you can actually pay half of those taxes. Now, I know some people are on a higher tax bracket so I wouldn't know what level you would be placed on in this case. In order to set your business up as a Sub Chapter S, or S elected company, you must be a citizen or permanent resident of the United States.
This next bit of information can be found on http://www.nickspradlin.com on any of their secure order forms.
"The Sub-Chapter S Corporation allows the Shareholders to avoid having their profits taxed twice because there are no corporate taxes with a Sub-Chapter S Corporation. This type of Corporation also allows the owner to avoid the majority of his/her profits from being hit with a self employment tax. Lastly, the Shareholders of an S-Corporation are able to write off their losses on their personal taxes, even against separate income (money from other employment or a spouses income on a joint return.) If you want your business to have these major tax advantages the cost is only an additional $60. We will complete the Federal requirements and draft the Corporate articles, bylaws, resolutions and stock certificates to reflect the companies status as an S-Corporation. "
Honestly, I don't know why ANYONE would want to set up a business without one of these, but like all things, there must be reasons.
To set up an S-elected business you have to submit a form to the IRS (www.irs.gov) . You can submit it through the mail. The Law Offices of Nick Spradlin will fill this form out for you and make it ready for you to mail. You simply mail it in and wait for a response from the IRS. This will turn your corporation or LLC inro a 1120s 2553 instead of the original 1120 corporation or Schedule C \ 1065 partnership LLC.
Again, all of this information can be found online in their site on their forms and under the more information pages.
I will keep trying to find more information that I can post on this blog.
Thanks for viewing!
Tuesday, September 15, 2009
Getting a Tax ID for your company.
Need to get a tax ID for your company? I have tried doing it before myself and have also come across certain problems where I may have missed something or placed something into the forms the wrong way. The same law office that opened my business had done this for me and acquired it very quickly and sent me the form filled out WITH my tax ID already on it! Why go through all of the trouble to do this when it can be done by someone else for so cheap! I love this place and I reccomend anyone to use their services.
You need a Tax ID so that you can open a bank account.
You would also need to have a company set up so that you can get the articles of incorporation/organization that are also needed to set up a bank account. The Law Offices of Nick Spradlin will also be able to help you to set up a company and acquire these articles.
Go to http://www.nickspradlin.com/ and they can do all of the work for you. They are very convenient.
Simply put, when you are looking for a tax ID to open a bank account in any state, and you don't have the time to go to the tax office, or figure out a way to do this, you can call them and they will definitely help you. They helped me!
There are other ways to do this, like going to http://www.irs.gov/ and ordering forms, or filling an online form. Like I said, if you have the time, go ahead and do it. To me it was rather tedious though.
You need a Tax ID so that you can open a bank account.
You would also need to have a company set up so that you can get the articles of incorporation/organization that are also needed to set up a bank account. The Law Offices of Nick Spradlin will also be able to help you to set up a company and acquire these articles.
Go to http://www.nickspradlin.com/ and they can do all of the work for you. They are very convenient.
Simply put, when you are looking for a tax ID to open a bank account in any state, and you don't have the time to go to the tax office, or figure out a way to do this, you can call them and they will definitely help you. They helped me!
There are other ways to do this, like going to http://www.irs.gov/ and ordering forms, or filling an online form. Like I said, if you have the time, go ahead and do it. To me it was rather tedious though.
Subscribe to:
Posts (Atom)