A disregarded entity is a single-owner business entity that the Internal Revenue Service (IRS) “disregarded” for tax reasons. So in case, you are still wondering what is a disregarded entity or sole proprietorship, its advantages, and disadvantages This article discusses the tax choices available to sole proprietorships, the benefits, and the Continue Reading
Business Law
Why Utah Doesn’t Have a State Lottery
Why Utah doesn’t have a state lottery? Only five (5) states in the US do not have a state lottery, excluding Utah. One of only two of these states, Utah, does not allow any type of legal gambling. The other being Hawaii. Utah forbid any type of gaming, including lotteries, Continue Reading
Preemptive Right
Preemptive rights are the right of existing shareholders of a company. It allows them to purchase newly issued shares before they are made available to other investors. The right is to protect current shareholders from a loss of control or value. However, the corporate charter typically outlines preemptive rights. Shareholders Continue Reading
The meaning of all rights reserved
The all rights reserved phrase appears in most copies of books, movies, and other creative works. What really is the meaning of “all rights reserved”? Is it still cool to include the notation in your creative work. Copyright Meaning: Copyright, just like trademark, is an important legal tool for protecting Continue Reading
Garrity Right
Introduction: Public employees, including law enforcement officers facing investigatory interviews or in a disciplinary setting, have some rights from their employer, such as the Garrity right. They can inquire as to the nature of the inquiry. The nature of the inquiry—criminal or administrative—determines the appropriate warnings—Garrity, Miranda, or the Reverse Continue Reading
How To File For Chapter 7 With No Money: Detailed Guide
If you are considering filing for Chapter 7 bankruptcy, you are probably filled with questions and concerns during this trying time. For example, how do you file Chapter 7 when you don’t have any money? Are you able to afford to hire a bankruptcy attorney? Will you be able to Continue Reading
How to Start a Nonprofit in NC: The Step-by-Step Process (Updated)
First off, you should have identified a need or cause in your community that no existing group is currently advocating before seeking ideas on how to start a nonprofit in NC (North Carolina). If such a group exists, it may be advisable to collaborate in order to maximize current resources Continue Reading
Can You Change the Name of Your LLC? Simple Steps to Take!!!
At some point, what appeared ideal when you founded your LLC may no longer feel so. Perhaps it contains the name of a former business partner. It’s possible that it doesn’t match your current marketing or branding strategy. Or perhaps you’d rather do something different. And you wonder if it Continue Reading
Illinois Certificate of Good Standing: How to Get It!!!
A certificate of good standing from the state of Illinois certifies that a limited liability company (LLC) or corporation was founded legally and has been properly maintained. You’ll probably need an Illinois Certificate of Good Standing (CGS) when you need to show that your Illinois business is in accordance with Continue Reading
What Does a Trademark Protect? All You Need!!!
Trademarks are an essential component of every business. They are the most effective means of safeguarding the identity of certain items or services. They also inspire customer loyalty by making it easy for consumers to recognize a specific company as the maker or source of a product. Once a trademark Continue Reading