Incblog for Entrepreneurs

Covering entrepreneurship and business start up questions for non-residents and US citizens.

 

May 13 2009

Avoiding sales tax problems

by John Gordon | 15:05 GMT

The accounting firm Marcum & Kleigman LLP has an interesting article about avoiding problems with sales tax filings for business. Sales tax is a major revenue source for states, especially New York, so never mess with them on this point. I personally knew one of the agents from this section; while a nice guy personally […]

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Apr 23 2009

LLC v Business Corporation part 1

by John Gordon | 11:04 GMT

LLCs and corporations are different in more ways than just letter combination. Each derived from different types of laws, and therefore come with significant baggage. Corporations, owned by shareholders and ruled by a Board of Directors through hired officers, are the result of centuries of entrepreneurs using other people’s money to produce profits. This led […]

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