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What is an LLC? How to Set up an LLC in Nevada?

Monday, October 9th, 2017

The types of businesses you can form in Nevada range from a simple partnership firm, to a Nevada C Corporation, or a Nevada Limited Liability Company. What is an LLC? Why should I form an LLC in Nevada? These are some of the questions that we as a Nevada filing service often encounters. An LLC is fundamentally a business organization or more commonly a private limited company. The business structure of LLC combines the benefits of different types of businesses such as the benefits of pass-through taxation of sole proprietorship and the benefit of limited liability of a C corporation or S Corporation. It is important to understand that LLCs are not corporations.   Salient benefits of forming a Nevada LLC     Why should you form

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How to Choose the Right Business Entity for Your New Business?

Thursday, September 14th, 2017

When deciding to start your new business, choosing the right types of business structures is crucial step to starting a business. Not sure which business entity you need to select? This article will help you to get a brief idea of business entity types and how to choose the right one for your new business. Types of Business Structures: Choosing the right business entity for the type of business you are doing will help reduce liability regarding taxes and help protect your business. There are four common business entity types and each holds its own advantages and disadvantages. The differences of the type of business you do is determined by how the company is going to be taxed, the number of owners, share contributions, etc.

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Five Easy Tips to Increase Productivity with Time Management

Wednesday, September 6th, 2017

Everyone wishes to have more time in a day  but as we all know very well, that is not possible.  However, we can manage our time to allow for more tasks and better productivity. I know it’s not easy  but it is possible. It just takes some effort and a few small changes in your day to day activities.    How to Increase Productivity? Here are five time management tips to increase productivity.   Work smarter By planning your tasks early you will save loss of valuable time. It is best to make a list of things you want to do in that particular day and plan out a schedule. Keeping to this schedule will allow time for all your task to be completed and

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When to close a business?

Sunday, August 13th, 2017

Owning a successful business can yield good income while you enjoy the freedom (and responsibilities) of being your own boss. Starting out is usually the most difficult phase, but sometimes, for many reasons, even a business that’s run well may face problems it can’t overcome. It’s then owners may conclude that closing the business is best, despite emotional and personal cost. Knowing when to shut a company down, especially to avoid further losses, is part of business wisdom. Here are some points to consider about closing.

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What Are the Requirements for a Membership Certificate?

Wednesday, July 26th, 2017

Membership certificates, which are issued by limited liability corporations (LLCs) to indicate membership interest in the LLC, possess many similarities to stock certificates, which are issued by corporations. The requirements that apply to stock certificates, however, do not all apply to LLCs, and the requirements for membership certificates differ from that of stock certificates. The most significant difference between stock certificates and membership certificates is that stock certificates must be issued unless a company clearly states otherwise at the time of incorporation; LLCs, however, must explicitly state that they plan to issue membership certificates in their operating agreement. You can also use some free generator to generate your certificates.

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5 BENEFITS OF HAVING AN OFFSHORE COMPANY

Sunday, July 16th, 2017

Around the world, companies face varying tax policies, from extremely harsh to extremely liberal. Taxation is required for countries to provide basic infrastructure for their citizens. Like all other citizens, companies are required to pay taxes, yet some countries excessively tax companies such that their financial survival is at stake.

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WHAT IS A RESIDENT AGENT?

Thursday, July 6th, 2017

A resident agent, or registered agent, is an individual or company that is responsible for ensuring that individuals and businesses are represented in their legal matters before the United States government and court system. It is a necessary requirement that all companies and individuals who plan on utilizing the United States court system retain a registered agent.

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5 Mistakes of First Time Entrepreneurs

Thursday, June 22nd, 2017

Recent studies show that more than half of all business startups fail within twelve months. Knowing the common causes may help your business survive the critical first year, mostly by knowing what to avoid.

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How to Manage Your First Startup

Thursday, June 15th, 2017

What’s the scariest thing about running your own startup? For many, it’s managing, especially with multiple employees.The simple truth’s that being in charge, and responsible for everything, is not so easy as it looks. It helps if your company has divisions, each with its own head, but ultimately the tough questions, and the decisions, end up with you.

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HOW TO GET A TAX ID FOR A COMPANY (EIN)

Tuesday, May 23rd, 2017

Governments require taxes to provide basic needs for their citizens and build necessary infrastructure, such as electrical grids and roads, which rely on taxpayer funding. Individuals, as well as businesses, are required to pay taxes regularly, and it is even a federal offense to avoid paying taxes in the United States. This is commonly known as tax evasion.

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