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Incorporation
Incorporation is the act of selling out shares of a company to generate revenue. Questions about incorporating, companies that are or will incorporate, or companies that are already incorporated can be asked here.
1,040 Questions
Foreign direct regulations in Japan are regulated to ensure that people properly file with the Japanese government prior to making investments and to keep those investors honest.
Yes you need a business license from the city your business is in, not the county. Simply go to the city hall where you are based and apply. The cost is usually under $75
Who objected Soesman Language Training advert with The Outthere Brothers on the radio from the 90's?
I guess Netherlands tv workers, this aired in 1998.
In a limited liability company members are barred from participating in its management?
hi My name is Mohammad Shafi student of Kardan University in Afghanistan my question is about the liability of members I confuse it much If you answer me will be your bless best regards
Is 10 percent the standard for overhead and profit?
It's probably 33 1/3 percent. Overhead - meaning rent, utilities & wages for employees takes a third. Replacing the items you sold takes a third. Your profit should also take a third.
What is the difference between filed for chapter 11 and bankrupt declaration?
There are several different forms of BK...Chapter 7, Chapter 11 and Chanpter 13 are the main ones.
absolutely none.
What is the market value for a liquor license in berks county Pennsylvania?
The market value for a liquor license in berks county Pennsylvania is between $80-120,000
The difference between dividend irrelevance theory and dividend relevance theory?
what are the difference between relevance and irrelevance theories of dividends
An agreement to agree is a valid contract as it removes any further or future negotiations because an agreement has already been reached
By sameem aman
LLC stands for Limited Liability Company - LLC after a company name replaces the letters PLC (which stood for Public Limited Company).
How do you file taxes if you are a limited liability company?
It depends. Unless the owners of the LLC elect to have it treated as a corporation, then an LLC which has at least two members is treated as a partnership and files a partnership tax return, Form 1065.
If there is only one member of the LLC, then the IRS disregards the LLC as a separate tax reporting entity entirely. If the single member is an individual, then the member reports the LLC's income and deductions on the individual's person 1040, usually on Schedule C (for a business) or Schedule E (for real estate).
If the single member of the LLC is a corporation, partnership or trust, it likewise files the information on its entity tax return (1120, 1120 S, 1065, 1041, etc...)
If the members of the LLC file an election, the LLC may be treated as a corporation or an S corp. In that case, the LLC would file an appropriate return (Form 1120 or 1120 S).
Regulatory requirements that mandate reporting of financial and non-financial information to varied government agencies is called statutory reporting. IAS, IFRS, Basel II, and Sarbanes-Oxley are just some of the better-known examples of the regulatory compliance's. Each industry has its own additional set of statutory reporting laws and regulations. Bankers and insurance companies have numerous fiscal filing requirements in each state in which they do business. Publicly held companies have additional sets of SEC reporting requirements that must be met.
Contact the legal department of the Secretary of State to find out if there is a such an LLC registered there.
How do you write a counter offer to a deal?
Not to be trite but, "Politely." There really isn't a standardized way to write a counter offer. In some states, just crossing out terms and writing in your own on the offer can constitute a valid counteroffer (that route though, is NOT recommended, as it can lead to confusion.). Tell them that you find some element of the deal unacceptable, and that you would like to propose alternative terms that both sides will find favorable. The law doesn't impose strict rules on how parties come to agreement on offers and counteroffers, and will generally validate whatever the intentions of the parties are once they come to agreement on the deal. The best advice we can give you then is, make sure that your intentions are as clear as possible in the terms of the contract. If you need help drafting a counteroffer, you should hire an attorney who has experience with drafting contracts. Also: Be SURE that you are ready to reject the original offer. In many states, a counteroffer counts as an automatic rejection of the original offer.
Sales tax exemptions for purchases shipped outside your home state?
TECHNICALLY: If the items are purchased for resale then yes, if you hold a current / valid sales tax license in your home state (or the other state) then yes. If the items being purchased are for personal use... no. There are blanket exemptions in most states, for example if the user is a farmer and the item being purchased are going to be used directly in the production of a crop... Check your state Department of Revenue / Division of Taxatioon / Etc's website for sales tax exemption certificatee, or blanket exemption forms. The instructions will indicate what they cover. For more information, most states have a pamphlet that covers their sales tax regulations and they are usually available on their websites.
What are the necessary information for incorporating a company in Malaysia?
Incorporating a company in Malaysia is easy when the documents are clear to go. For incorporation a company in Malaysia, the following documents are required:
- Proposed company name(s)
- Core activities of the business
- I/C or passport photocopies of all the stakeholders and directors
- Paid-up capital information
- Current residential address along with the proof of all the directors and stakeholders
Company promoter and duties of promoter?
The promoter is a business term.it is used to describe the person or person who initially take all necessary steps to form a company with reference to a given object and set it going.
"According to L.H haney promotion may be defined as the process of organization and and planing the finance of a business enterprise under the corporate form".
Duties of promoter:-
The main duties of a promoter are as follow:
1) To discover an idea for establishing a company.
2) To make detailed investigation about the demand for the product, availability of power labour raw material, etc.
3) To find out suitable persons who are willing to act as first directors of the company and are ready to sign on the memorandum of association.
4) To select bank, legal advisor,auditors,underwriters for the company.
5) to prepare essential documents of the company.
What is the meaning of unlimited company?
A business can be carried on by an individual (as a sole proprietor), a partnership, or a corporation. The word 'limited' means that the liability of a shareholder for the unpaid debts of a corporation is limited to the amount of money the person has invested in the corporation. The person can lose his or her investment if the corporation 'goes under' but the creditors of the corporation can't make the shareholder 'pony up' for any more. The word 'company' simply indicates that there is more than one person involved. It is an imprecise word that is in general everyday use, and has no special meaning in corporate law. It does not, by itself, indicate a limited liability corporation. Frankly, it would be best to avoid the use of that word, since its meaning can be misleading. When you referred to 'unlimited company' you probably intended to refer to the concept of 'unlimited liability.' If a business which is being carried on as a sole proprietorship or a partnership is not incorporated, and 'goes under,' the proprietor or partners are personally liable for the debts of the business.
What was salomon v saloman case?
Court held that salomon was liable to pay the unsecured creditors because the business had been started up by him. salomon appeared in the house of lords and it was held that salomon was merely an agent of the company and not the company being salomon's agent and that after incorporation the company becames a separate person set apart from salomon who had created it and that artifical person was absolutely liable for all the his debts and liabilities.
What are the purpose of business organization?
The purposes of business organizations extend to the establishment of procedure and structure to entities and individuals involved in commercial pursuits. Commercial entities and the individuals that operate them are subject to specific law, by application of a particular commercial entity structure to a commercial entity. The specific type of commercial entity organization also serves in some instances to facilitate the simplification of the application of tax law to the commercial entity.
You receive a check in the mail how do you verify that the check is good?
Individuals and Consumers:
For consumers or individuals, it is much more difficult to verify a single check because banks are being increasingly more concerned with privacy issues.
A service is available to look up single checks by the routing number if you have a land line phone and are willing to pay the $5 for the phone call. The number, to verify a check as of January 21, 2010 is 1-900-868-2995, and you can verify two checks at a time.
If it is a cashier's check, you can contact the bank it was issued by and tell them that you need to know if a check is good. With the account information and check number, they can tell you if it is an account that is in good standing and if it has the funds to cover the amount listed on the check.
Business Options:
For business, services like Telecheck, BetterCheck, Certegy, CheckSystems and others can provide accurate and instant verification for most checks.
Systems like Telecheck use the check writer's history and identification to gauge the likelihood that the check will be good, where networks like BetterCheck will give the account status as of that day.
Guaranteed Verification:
Of course, the only sure way to verify a check, is to take it to the bank that issued the check and ask them to make sure the funds are available.
If you take it to the issuing bank, you can get cash for the item on the spot. This is much safer than depositing the item into your own account.
If you deposit the item into your own account, you will be 100% responsible if it is returned for any reason. The depositor is responsible for the full face value of the check, plus fees and you could open yourself up to prosecution for depositing a false document in some cases.
When you take it to the bank that issued the check, you can walk away with real cash for the item and there is no recourse for the bank unless you know the item is a fake.
Getting Around the System - Back Door Verification:
There is yet one more way to verify a check on an account and that is to have the account holder on the phone with you, call the bank and have the teller verify the account holder and listen to the verification while it is going on.
If you have a check and the account holder's social security number or tax ID, you may be able to log into via the bank's telephone banking system and verify the item yourself.
A corporation is a group of people or corporation that has the permission to act as a single entity. Corporations have most of the rights and responsibilities that a person would have.
