money sectionmoney section
Limited liability insurance is designed for businesses like sole proprietorships. Learn about limited liability insurance with help from a longtime member of the professional banking and insurance industries in this free video clip.
Microsoft and its flagship Windows operating system are household names in computing. With millions of computers running Windows in some form or another and the latest releases of Windows pre-installed on most PCs, the company is a juggernaut. In spite of its modern might, Microsoft comes from humble origins -- a simple partnership between friends Bill Gates and Paul Allen that grew into something far more grand.
If you're a minority shareholder of a sub S corporation, there are a few concerns that you absolutely need to look into. Find out what concerns a minority shareholder of a sub S corp should have with help from an experienced accountant in this free video clip.
There are many different techniques that you can use when photographing corporate head shots depending on the specifics of the situation and your preferences. Find out about techniques that you can use for photographing corporate head shots with help from an experienced and professional photographer in this free video clip.
Paid-in capital in a corporation is typically made up of a few particular components. Find out about the components of paid-in capital in a corporation with help from an accounting professional in this free video clip.
W2 forms and 1099 forms each serve very specific purposes in the current tax system. Learn about a W2 versus a 1099 for the shareholder of an S-corporation with help from a certified public accountant in this free video clip.
Facebook can benefit a non-profit organization in a wide variety of different ways. Find out about how Facebook can benefit a non-profit organization with help from the President and Founder of Integrate Public Relations in this free video clip.
IBM notes that, "This ability to adapt to changing business conditions gives organizations flexibility and the agility to expand profitably." Service-Oriented Architecture can help your organization do the same when you deploy business applications using SOA. SOA, when implemented properly, allows client computers to access information remotely and use it to solve business problems. Learn how SOA client communication works to determine if your organization can benefit from this technology.
Donating to non-profits on Facebook requires you to keep a few very important things in mind. Donate to non-profits on Facebook with help from a digital, mobile and social media aficionado in this free video clip.
When dissolving an S corp, the treatments for loan to shareholder require you to think about a few important things. Learn about the treatments for loan to shareholder when dissolving an S corp with help from an attorney in this free video clip.
Whether or not corporate authority documents have to be notarized depends on a few key things. Find out if corporate authority documents have to be notarized with help from an attorney in this free video clip.
The liquidation of an S corporation proceeds in a similar manner as the dissolution of a C corporation. The main difference occurs in the distribution of company assets to shareholders. Because an S corporation has restrictions on how many and what type of shareholders it can have, shareholders receiving assets usually have important roles within the business. Receiving company assets in a liquidation may have greater tax implications, depending on the value of those items.
In order to ensure that the charity is being run effectively, a nonprofit is required to prepare annual financial statements detailing the organization’s fiscal activity. As it is the board members’ responsibility to be thoughtful stewards of the nonprofit’s resources and to approve financial reports, the members have full access to the charity’s records. If you work with a nonprofit, consult with a licensed certified public accountant to prepare the organization’s financial statements.
Selling ownership in a business partnership allows the selling partner to leave the business. Sometimes one partner will buy the other partner’s share of the business. Sometimes ownership is sold to a third party. Before selling ownership in a business, both partners must agree on the process and the sales price. Ideally, this is done well before any need to sell the business by drawing up a buy-sell agreement. A buy-sell agreement sets the terms for any future sale of ownership, and includes circumstances such as the death or disability of one of the business partners.
S-corporations offer significant tax advantages to shareholders, and can be a worthwhile investment, especially for those who want to shield some of their income from Uncle Sam. Like a partnership, an S-corporation allows the profits and losses of the company to flow through to the shareholders, who then include them on their taxes. S-corporations can also form subsidiaries, although there are specific rules about what can and cannot be done.
Working with a nonprofit organization can provide you with several benefits to compensate for relatively low pay, including access to federal student loan forgiveness programs. As long as you meet all of the service requirements, you can earn a large reduction in your federal loan debt while serving the community at large. Starting your own nonprofit to secure these benefits is difficult and requires years of service to the community to earn.
Becoming a non-profit co-op requires a pretty specific process. Find out how to be a non-profit co-op with help from an accomplished consultant, financier, and marketing expert in this free video clip.
You need to divide equity in a partnership sell in a very specific way. Find out the formula to divide equity in a partnership sell with help from a certified financial planner in this free video clip.
Don't worry if you discover a program called csc.exe on your computer. It is not a virus but a harmless Microsoft utility that helps developers create useful programs. You won't find csc.exe in your Start menu or on the desktop, but it may appear when you view your computer's running processes. Since it is not harmful, there is no need to remove it.
There's no hyperbole in saying there are nearly as many different kinds of brake pads as there are kinds of tires or cars on the road. The brake pad is but one component of a whole system designed to scrub off kinetic energy and turn it into heat; before choosing a set, be realistic about your car's operating conditions and what you expect in terms of performance, durability, cost and driveability.
Air ducts form the transportation system that delivers air to cool your home in summer and keep it warm in winter. Improperly sized ducts make your comfort system work harder and less efficiently, which decreases equipment life and increases utility bills. Principles of HVAC duct installation consider sizing, lengths, static pressure and friction rates.
To legally take tax exempt donations for your organization you have to apply for, and be approved for, 501(c)3 exemption status with the Internal Revenue Service. If you do not have 501(c)3 exemption status, legally any donations you receive are taxable to you or to your organization if the donation was made out to your association. This money must be claimed as a part of your income on your federal and state (if applicable) tax returns. Furthermore, the donation is not tax deductible for the giver of the donation if you are not approved for 501(c)3 exemption status.
The National Center for Charitable Statistics reports more than 1.6 million organizations claimed nonprofit status by registering with the Internal Revenue Service in 2011. The number of nonprofit group means marketing efforts must create an easily identifiable and quickly recognized campaign to encourage people to volunteer time or donate money or goods to the cause. Generic marketing for nonprofit groups offers one option, but operating a campaign that employs advertising using branding works best for some volunteer organizations.
Google officially launched the Android Market in 2008 to offer a growing number of smartphone users access to a wide range of applications. Within just a few days, Google began welcoming applications from developers outside of the company. Thanks to the open source nature of the Android operating system, any programmer with the right tools can create and submit his own application. These tools include the Android software development kit or SDK that provides the jumping off point for building puzzles, widgets, wallpapers and other types of applications.
Smoke inhalation from a traditional, open-fire stove is commonplace for 3 billion inhabitants of developing countries, according to the World Health Organization. Respiratory health problems can evolve from smoke inhalation. According to WHO, over 1.5 million people die each year as a consequence of inhaling smoke from indoor wood-burning stoves, most of them women and children. Replacing traditional stoves with smokeless ones decreases air pollution and improves the quality of life for countless residents in the developing world.
Liability clauses specify the responsibilities of a party that provides you with products and services, while indemnity clauses specify what remedies you can take and what compensation you can receive in the event that the party violates its responsibilities. Indemnity clauses also can hold another party responsible for your damages. These clauses typically have limits established by state and federal case law or statutes that predominately protect you as a consumer.
Corporate chic is a very specific look that requires you to keep a few things in mind. Dress corporate chic with help from a professional image consultant in this free video clip.
Most nonprofit organizations are designed to provide some type of assistance to individuals or groups in need. Well-known examples of nonprofits include institutions such as The Salvation Army or the American Red Cross. As both an incentive and a reward for providing needed services, nonprofit organizations do not have to pay tax on any donations or funding they receive. Violations of government rules regarding nonprofits can lead to the loss of tax-exempt status.
One useful way to slow a user down and make him or her pay closer attention is by temporarily halting your program. Such a halt can be submitted in MATLAB through the "PAUSE" function. It temporarily halts all scheduled commands until a certain condition is achieved; i.e., the user reads what you wrote and hits a button to let you know that he is ready for the next step.
The main benefit offered by the limited liability company, or LLC, business ownership method is the ability to enter into a partnership while enjoying the limited liability of a corporation. Despite this basic principle of LLC ownership, Internal Revenue Code 704 made individual partners responsible for restoring a negative capital account balance to zero until the Internal Revenue Service allowed for a qualified income offset provision.
When you work as an employee for a company, your employer issues a W-2 tax form at the first of the year, detailing your earnings and the taxes that were deducted from your paycheck over the past tax year. When you are self-employed, you don't receive a W-2 but instead receive an IRS Form 1099 from your clients, listing the money you earned providing goods and services. Registering your business as an S corporation allows you to transfer your 1099 earnings to your corporation.
Under federal IRS regulations, nonprofit organizations with 501(c)(3) status must follow several rules. These include limitations on individual earnings, legislative influence and political influence. Under the federal tax regulations, bylaws typically are not regulated or required. However, individual states may require bylaws and have specific instructions for setting up those bylaws.
There are a number of reasons why you might sell your corporation. You may want to retire or change jobs or you may have purchased your corporation just to sell it and turn a profit. Whatever your reason, your corporation's treasury will go through a number of transitions when the new company takes over.
Although a corporation may hold one name as its legal name, it may choose to conduct business with the public using a different name. A public name that differs from a legal name is referred to as a “doing business as” name, or DBA. In such cases, the state in which a corporation conducts business may require it to register the name in which it conducts business. Major contracts, such as deeds of trust, must be drafted using the legal name of a corporation and signed by a corporate officer or authorized representative.
Shareholders of corporations in the state of California have the right to liquidate or dissolve the business entity at any time. However, issues often arise when some shareholders want to shut down a business while others wish to keep the business running. In some situations, laws in California enable minority shareholders, creditors and other parties to have a corporation forcibly dissolved if the majority owners refuse to liquidate the business.
Dissolving an S corporation is a complex process that often requires an attorney’s assistance. The S corporation must announce its dissolution only after the board of directors has agreed to and recorded its intent to dissolve. To dissolve, an S corporation must also adhere to its chartered state’s regulations, which may prohibit the S corporation from dissolving when a lawsuit is pending.
Image is big in the corporate world, giving corporate photographers a ready market for headshots. Executives need headshot photos for PR and other purposes. The aim for many is a photo portrait that provides an attractive impression of their persona while reflecting their business integrity. As a headshot photographer, you can use light, poses and client advice to achieve the desired results.
Business budgets may be more complex than personal budgets, but the underlying concept is the same. A budget is simply a plan for spending the money that's coming in. Departmental budgets and organizational budgets are related, because the more specific departmental budget is incorporated into the broader organizational budget.
Tax consequences should be your primary concern when deciding whether to convert your S corporation into an limited liability corporation or to undergo a merger. The tax structure in the disposition or acquisition of a company may have critical impact on all parties concerned, according to the American Institute of Certified Public Accountants. The motivation to restructure a business generally stems from three factors: the need to divest less-profitable divisions or subsidiaries, strategic acquisitions by competitors or investment funds and a weakened dollar that attracts foreign investors.
Individuals form S-Corporations as entities that can pass through income, losses, deductions and credits to their shareholders for federal tax purposes. Taxes are then assessed to the shareholders at their individual tax levels instead of the corporate tax level. The advantage to this kind of corporation is that it avoids double taxation to the individual and corporation. There are also disadvantages to forming an S-Corporation especially if spouses are co-owners.
Forming an S-corporation has several benefits over regular corporations -- the S-corporation does not face double taxation because profits flow directly to investors and owners do not have liability for company debts. An S-corporation that owns a single-member LLC can escape some of the ownership restrictions that come with forming an S-corporation and receive additional legal protections. However, an S-corporation owning an LLC risks losing the protection of corporations all together.
A limited liability company (LLC) that falls out of good standing is no longer authorized to do business in its state of operation. However, the revocation of the LLC does not need to be permanent. If you wish to continue the business, you can go through a reinstatement process as opposed to dissolving the company.
Each state has the authority to create its own laws on the creation of business entities such as corporations, limited liability companies and partnerships. However, for purposes of creating partnerships, a majority of the states have adopted the federal Uniform Partnership Act in its entirety or with minor modifications. As a result, most states allow a corporation to be a partner in a partnership.
Workplace psychologist Frank Landy urges managers and support staff to look on the bright side when they are asked to "do more with less," meaning there are more opportunities to learn new skills and to advance when support staff are reassigned. Veteran human relations executive Cynthia Davis-Gryce has dished out advice on coping with staff reductions to managers in downsized organizations through decades of economic downturns. She survived a round of layoffs by becoming a one-woman band, solely administering all of a municipal government's equal employment opportunity and diversity programs.
An S corporation is a type of corporation with pass-through tax laws allowing the owners to claim the corporation's profits as income. Officers of the corporation receiving paychecks for services are under the same federal rules for taxation as other traditional employees. This may allow S corporation officers to receive unemployment benefits depending on the manner of officer terminations.
Running a non-profit organization keeps you focused on fundraising and other publicity to elicit donations from supporters. If your non-profit organization has employees, then you are responsible for ensuring that your hiring and management procedures follow the legal requirements for all employers. This includes issuing W-2s to report wages earned during the calendar year.
Dissolving your S corporation in Tennessee is no different than dissolving any other Tennessee corporation. The "S" designation for a corporation is made by the IRS, not Tennessee or any other state, and refers to the corporation's income tax classification. To dissolve an S corporation in Tennessee, you must comply with the requirements of Tennessee corporate law. The Tennessee Department of State provides information and forms to facilitate dissolving a corporation.
S corporations are closed by their owners for reasons such as retirement and bankruptcy. When these companies close their doors, the debts incurred while in operation must be paid off. If S corporations don’t have enough funds to cover their debts, they are forced to sell off business assets to cover the outstanding amounts.
Nonprofits, as opposed to businesses, often offer a more intimate setting among employees. This may make it difficult to announce an employee to the staff, or at the very least make the announcement different than if the were a business. Know the different ways to make your new employee announcements, and make sure you make the announcement to all applicable groups within your nonprofit.
An incorporated business must still adhere to state laws regarding hiring and firing practices. This means a corporation may be able to terminate your employment for a variety of reasons, including sudden changes in your availability, barring exceptions under contract employment or federal and state laws protecting a workplace injury or serious illness.
