Monday, April 18, 2022

Monday, April 11, 2022

How to Start a Marijuana Business in California

With the legalization of marijuana for adult recreational use in California, it’s an exciting time for the state’s business community. The new law brings many opportunities for entrepreneurs interested in producing and selling cannabis and cannabis products. CorpNet is working with aspiring cannabis business owners in California, and we’ve found many are struggling to “weed” […] The post How to Start a Marijuana Business in California appeared first on CorpNet.
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Monday, March 7, 2022

How to Apply for an EIN if You’re Not a United States Citizen

An EIN (Employer Identification Number), also known as Federal Tax ID Number, is a 9-digit number issued by the IRS that the United States federal government uses to identify a business for tax purposes. Every business with employees or registered in the U.S. as a partnership, multi-member LLC (limited liability company), or corporation is [...] The post How to Apply for an EIN if You’re Not a United States Citizen appeared first on CorpNet.
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Tuesday, March 1, 2022

The S Corp Election Deadline is Right Around the Corner

The S Corporation election deadline for LLCs and C Corporations is March 15, 2022. So, if you’re considering changing your limited liability company or C Corporation tax treatment from its default status to an S Corp, time is of the essence!! About the 2022 S Corp Election Deadline To be considered an S Corporation [...] The post The S Corp Election Deadline is Right Around the Corner appeared first on CorpNet.
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Monday, February 21, 2022

What Business Owners Need to Know About Filing Taxes in 2022

Tax season is right around the corner. A lot has changed, tax-wise, in the past year due to new legislation. Here’s a quick look at what business owners need to know about filing their taxes in 2022. Sole Proprietorship Sole proprietors are unincorporated businesses with no distinction between the business owner and the business. [...] The post What Business Owners Need to Know About Filing Taxes in 2022 appeared first on CorpNet.
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Tuesday, February 15, 2022

How to Convert an LLC to a Nonprofit

If a business is initially set up as a limited liability company (LLC) it may be possible to convert it to a nonprofit, tax-exempt 501(c)3 organization if the business conducts activities related to scientific, educational, charitable, or religious purposes. Different states have different rules for how to convert an LLC to a nonprofit, so [...] The post How to Convert an LLC to a Nonprofit appeared first on CorpNet.
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What You Need to Know About Work From Home Tax Deductions

Already a trend before the pandemic, remote working became the “new normal” for businesses of all sizes struggling to stay afloat during safer-at-home directives. Today, both employers and employees have found the positives that remote working offers. However, only employers can claim work from home tax deductions on their income taxes. Let's review who [...] The post What You Need to Know About Work From Home Tax Deductions appeared first on CorpNet.
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Incorporate Before Year End to Avoid Issues at the Secretary of State

The post Incorporate Before Year End to Avoid Issues at the Secretary of State appeared first on CorpNet. http://dlvr.it/TCCC4n