Can a Nonprofit Be Dormant? Nonprofit Dormancy and Dissolution

Rather than dissolving, a nonprofit may determine that dormancy, placing the organization in an inactive state, is the best option. However, even an inactive nonprofit must meet legal requirements and maintain records. Once the decision is made to dissolve, the nonprofit must stop operations except to wind down. Assets of a tax-exempt nonprofit can only … Read more

What Is Represented Entity?

Requirements to Become a Registered Agent in Texas Be 18+ years old Have a street address in Texas Can I be my own registered agent for my LLC in Nevada? Yes, you can appoint yourself as a registered agent for your business. However, there are risks. You must ensure your presence in the company during … Read more

How Much Profit Does a Boba Shop Make?

Introduction to Bubble Tea Market The bubble tea market was $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, with a 7.80% CAGR from 2020 to 2027. Revenue and Profit Margin On average, a well-established boba shop generates $200,000 to $500,000 annual revenue. A cup costs a tea shop owner 3.5-5 … Read more

Do I Need a Certificate of Good Standing?

# Understanding the Certificate of Good Standing A certificate of good standing proves a business is legally registered and able to operate in a state. This document may also be called a certificate of existence or letter of good standing. For UK businesses, it is requested from Companies House. It shows the business is in … Read more

What Is DBS Bank Full Name?

Overview of DBS Bank DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in Marina Bay, Singapore. The bank was previously known as The Development Bank of Singapore Limited before the present abbreviated name was adopted on 21 July 2003. POSB … Read more

How Do I Start a Recruitment Agency in Canada?

Starting a Recruitment Agency in Canada To start a recruitment agency in Canada, you need to get a license from the Employment Standards Branch. Create a business plan detailing your services, target clients, and financial projections. Have sufficient operating capital, secure office space and equipment, develop online presence, and market your services. Connect with employers … Read more