I started my company as a General Partnership - partly to avoid fees while still ramping up, and partly because I wasn't foreseeing large revenue in the intial year. Time went by, and now I need...
I'm operating a startup in its 1st year. This year's sales from consulting services is very good but the pipeline for next financial year is very very weak. My question is, legally, can I delay...
I am buying out my co-founder of our 3 year old company that we started as a hobby/second job. We are profitable (although you definitely couldn't live off the profits alone!). Anyway, we've...
I'm currently researching how to go about creating a US subsidiary of a UK company. One of the people involved in the business wondered if it would be possible to use an LLP to do business in the...
One of our customers recently informed us of the following: "In accordance with the California Franchise Tax Board, Publication 1017 and Revenue and Taxation Code Section 18662, we are required...
Currently, with all the power the Internet provides, it's relatively easy to start online business. There are no obvious restrictions on the process. A business from almost any location can sell...
Not sure if this is the right site for freelancers, but becoming a freelancer is kinda a one-man start-up. Anyway, my question would be, where to start. I only have a technical education and I...
This is definitely a different flavor of a common question. Here are the basic stats: Online only startup -- no physical presence. Everyone works from home. We have 8 people in 4 countries (5 in...
I am a student and do freelance programming work to pay the bills until I graduate and maybe even after. I live in Kansas but I do freelance work across state lines (in Missouri currently) Is it...
I recently formed a c-corp and am looking for outside investment very soon. I'm paying out of pocket for startup expenses (office lease, office equipment, software licenses, etc). I will spend...
My dad also loved the business plan I had. He has his own company (which is not even close to what I am doing). He registered it as a sole proprietorship. He is an engineer so thats his company. He...
Hi I have users that are submitting content that can be rated by the community. The top users, based on the popularity of their contributions, accumulate points in their account that (for now at...
So I have a sales tax question. Yes, I will be contacting an attorney, but I figured I should do some research before spending $$$. Here is a situation. A company based in state A (office +...
One of the questions we have whenever we ship our software to a new state is whether we need to charge sales tax. This get more complicated because some states charge tax on perpetual software but...
I've been freelancing as a software engineer for a couple of years using an umbrella company. At the time I started, the consensus was that it wasn't worth the effort setting up your own company....
Tax is a strange thing to deal with. What's the most important thing that incorporated startups in the US should know about tax?
I remember at one point a startup will switch from offering ISO (Incentive Stock Options) to offering Non-qualified Stock Options (NSO) to employees? Can the startup decide which to offer, and...
All, If I have an LLC, but during the financial year we haven't generated any profits yet, do we still get taxed? Does the law differ for each states in the US?
Are there any advantages to establishing a corporation in California as opposed to NY? The minimum taxes ($800) every year that need to be paid in California is a bit of a turn off. Are there any...
If I start an LLC where I am the only owner, do I only have to file taxes once a year (without getting penalties of course)?